Northeast Bancorp (NASDAQ:NBN) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Northeast Bancorp (NASDAQ:NBN)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $103.37 and traded as high as $112.29. Northeast Bancorp shares last traded at $111.44, with a volume of 76,016 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Northeast Bancorp in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $102.00.

Northeast Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $896.37 million, a P/E ratio of 10.72 and a beta of 0.58. The firm has a 50 day moving average price of $114.01 and a 200-day moving average price of $103.46.

Northeast Bancorp (NASDAQ:NBN) last announced its earnings results on Monday, January 26th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.09. Northeast Bancorp had a return on equity of 17.73% and a net margin of 24.16%.The firm had revenue of $51.77 million during the quarter, compared to analysts’ expectations of $54.83 million.

Northeast Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were paid a $0.01 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. Northeast Bancorp’s payout ratio is presently 0.39%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP lifted its position in shares of Northeast Bancorp by 6.3% during the 3rd quarter. Quantbot Technologies LP now owns 2,397 shares of the financial services provider’s stock worth $240,000 after buying an additional 142 shares during the period. Jump Financial LLC raised its stake in Northeast Bancorp by 5.2% during the second quarter. Jump Financial LLC now owns 3,129 shares of the financial services provider’s stock worth $278,000 after acquiring an additional 154 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Northeast Bancorp by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,157 shares of the financial services provider’s stock worth $381,000 after acquiring an additional 175 shares in the last quarter. Alps Advisors Inc. lifted its holdings in shares of Northeast Bancorp by 4.4% during the third quarter. Alps Advisors Inc. now owns 4,134 shares of the financial services provider’s stock valued at $414,000 after acquiring an additional 176 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Northeast Bancorp by 2.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,377 shares of the financial services provider’s stock valued at $1,182,000 after purchasing an additional 225 shares in the last quarter.

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.