Northeast Bancorp (NBN) To Go Ex-Dividend on November 9th

Northeast Bancorp (NASDAQ:NBN) announced a quarterly dividend on Monday, October 26th. Stockholders of record on Monday, November 9th will be paid a dividend of $0.01 per share by the financial services provider on Monday, November 23rd. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Monday, November 9th.

Northeast Bancorp has a payout ratio of 0.3% meaning its dividend is sufficiently covered by earnings.

Northeast Bancorp Price Performance

Shares of NASDAQ NBN opened at $132.98 on Wednesday. The business’s 50-day simple moving average is $128.77 and its 200-day simple moving average is $123.38. Northeast Bancorp has a 52 week low of $80.75 and a 52 week high of $142.31.

Northeast Bancorp (NASDAQ:NBN) last issued its quarterly earnings results on Monday, October 26th. The financial services provider reported $3.42 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.01. The business had revenue of $64.27 million for the quarter, compared to analyst estimates of $66.77 million.

Northeast Bancorp News Summary

Here are the key news stories impacting Northeast Bancorp this week:

• Positive Sentiment: Earnings exceeded expectations: Northeast Bancorp reported fiscal Q1 diluted EPS of $3.42, narrowly ahead of the $3.41 consensus estimate. Net income rose to $29.0 million from $22.5 million a year earlier, while EPS increased from $2.67 to $3.42. Earnings Flash: Northeast Bank Posts Fiscal Q1 EPS of $3.42
• Positive Sentiment: Profitability remained strong: The bank posted a 27.91% net margin and a 19.35% return on equity, supporting the view that Northeast Bancorp continues to generate high returns from its business. Northeast Bank Reports First Quarter Results and Declares Dividend
• Positive Sentiment: Positive outlook from coverage: A Seeking Alpha analysis argues that Northeast Bank’s strong track record should continue, reinforcing the broader bullish investment thesis. Northeast Bank’s Strong Track Record Should Continue
• Positive Sentiment: Dividend declared: Northeast Bancorp declared a quarterly dividend of $0.01 per share, payable November 23 to shareholders of record November 9. While the yield is minimal, the payment signals continued capital returns.
• Neutral Sentiment: Revenue was below forecasts: Quarterly revenue of $64.27 million fell short of the $66.77 million consensus estimate, partially offsetting the EPS beat. Northeast Bank Fiscal Q1 Earnings, Revenue Rise
• Neutral Sentiment: Short-interest data was unusual: A report showed zero shares sold short and a zero-day days-to-cover ratio, which provides no meaningful evidence of short-covering support and may reflect a reporting anomaly.

About Northeast Bancorp

Northeast Bancorp is the bank holding company for Northeast Bank, a community-focused financial institution headquartered in Lewiston, Maine. Founded in 1872, Northeast Bank provides banking and lending services to individuals, families, businesses and nonprofit organizations.

The bank offers deposit products such as checking, savings and money market accounts, certificates of deposit and business deposit services. Its lending activities include commercial real estate, commercial and industrial, residential real estate, consumer and municipal loans, as well as construction and other business financing.