Somewhat Positive News Coverage Somewhat Unlikely to Affect Northeast Bancorp (NBN) Stock Price

Press coverage about Northeast Bancorp (NASDAQ:NBN) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Northeast Bancorp earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 47.1258872898676 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Separately, ValuEngine downgraded shares of Northeast Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

Shares of Northeast Bancorp (NASDAQ:NBN) traded up $0.45 during trading hours on Friday, hitting $24.75. 25,790 shares of the company were exchanged, compared to its average volume of 43,326. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.35. Northeast Bancorp has a twelve month low of $12.95 and a twelve month high of $29.95. The company has a market cap of $192.71, a P/E ratio of 14.65 and a beta of 0.28.

In related news, Director Julie Jenkins sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $25.35, for a total transaction of $101,400.00. Following the completion of the sale, the director now owns 21,955 shares of the company’s stock, valued at approximately $556,559.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. 13.38% of the stock is owned by corporate insiders.

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About Northeast Bancorp

Northeast Bancorp is a bank holding company. The Company’s banking subsidiary is Northeast Bank (the Bank). The Company provides a range of banking services to individual and corporate customers throughout south-central and western Maine and conducts loan purchasing and origination activities nationwide through its subsidiary.

Insider Buying and Selling by Quarter for Northeast Bancorp (NASDAQ:NBN)

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