Northeast Bancorp (NASDAQ:NBN) Plans $0.01 Quarterly Dividend

Northeast Bancorp (NASDAQ:NBN) announced a quarterly dividend on Monday, July 27th. Shareholders of record on Monday, August 10th will be given 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 yield of 0.0%. The ex-dividend date of this dividend is Monday, August 10th.

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

Northeast Bancorp Trading Up 3.0%

NBN stock traded up $3.87 during midday trading 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. Northeast Bancorp has a 1 year low of $80.75 and a 1 year high of $142.31. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 11.41 and a beta of 0.58. The stock has a fifty day simple moving average of $127.63 and a two-hundred day simple moving average of $120.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13.

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

About Northeast Bancorp

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.