Northeast Bank (NASDAQ:NBN) Releases Earnings Results

Northeast Bank (NASDAQ:NBN) released its quarterly earnings data on Monday. The financial services provider reported $1.91 EPS for the quarter, Yahoo Finance reports. The firm had revenue of $68.66 million during the quarter. During the same quarter last year, the business posted $1.61 EPS.

Northeast Bank Stock Performance

Shares of Northeast Bank stock traded down $0.43 during trading hours on Wednesday, reaching $72.33. The stock had a trading volume of 4,053 shares, compared to its average volume of 27,672. The firm has a 50 day simple moving average of $60.90 and a two-hundred day simple moving average of $56.19. Northeast Bank has a 1 year low of $42.43 and a 1 year high of $73.79.

Northeast Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.06%. Northeast Bank’s dividend payout ratio (DPR) is 0.55%.

About Northeast Bank

Northeast Bank provides banking services to individual and corporate customers in Maine. The company's deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and individual retirement accounts, as well as checking accounts. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, such as term loans, lines of credit and equipment, and receivables financing; consumer loans comprising mobile home and overdraft, and deposit-secured loans; and small business administration loans.