Northeast Bancorp Declares Quarterly Dividend of $0.01 (NASDAQ:NBN)

Northeast Bancorp (NASDAQ:NBN) declared a quarterly dividend on Monday, July 27th. Shareholders of record on Monday, August 10th will be paid a dividend of 0.01 per share by the financial services provider on Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Monday, August 10th.

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

Northeast Bancorp Price Performance

Shares of NASDAQ:NBN traded up $3.87 on Monday, reaching $133.11. The company’s stock had a trading volume of 213,746 shares, compared to its average volume of 124,877. The company has a 50-day simple moving average of $127.63 and a 200 day simple moving average of $120.30. Northeast Bancorp has a 52-week low of $80.75 and a 52-week high of $142.31. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The company has a market cap of $1.09 billion, a P/E ratio of 11.41 and a beta of 0.58.

Northeast Bancorp (NASDAQ:NBN) last announced its earnings results on Monday, July 27th. The financial services provider reported $4.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.65. Northeast Bancorp had a net margin of 25.96% and a return on equity of 18.63%.

Northeast Bancorp Company Profile

Northeast Bancorp is a Maine-based bank holding company and the parent of Northeast Bank, a state‐chartered commercial bank headquartered in Lewiston, Maine. Through its subsidiary, the company provides a variety of financial services, including personal checking and savings accounts, residential mortgage lending, small business and commercial loans, treasury management and private banking services. The bank operates a branch network spanning central and southern Maine, serving individuals, families and local businesses across the region.

Founded in 1872 as Androscoggin County Savings Bank, the institution has evolved through mutual and stock conversions, adopting the Northeast Bank name in 2001 and forming Northeast Bancorp as its mutual holding company in 2013.