Company shares last traded at $26.75 a bit higher than the 50 day moving average which is $25.32 and which is significantly higher than the 200 day moving average of $21.07. The 50 day moving average went up by +5.67% and the 200 day average went up by +26.95%. Trading volume for Northeast Bancorp was 739 on Tuesday. Overall, volume was down 97.84% under the stocks normal daily volume.
Short traders are feeling a little more bearish on shares of the company recently at least if you consider the uptick in short interest. The company realized a rise in short interest of 13.93% as of September 29, 2017 from the last reporting period. Short interest grew 42,862 over that period. With short interest at 350,548 and short average daily volume at 63,184, the short-interest ratio is 6.0 and the percentage of shorted shares is 0.04% as of September 29.
The following firms have recently changed their position in NBN. Pacific Ridge Capital Partners, LLC bolstered its position by buying 55,310 shares an increase of 55.9% as of 06/30/2017. Pacific Ridge Capital Partners, LLC owns 154,240 shares worth $3,139,000. The value of the position overall is up by 107.3%. Context Bh Capital Management, Lp expanded its ownership by buying 16,462 shares an increase of 8.3% from 03/31/2017 to 06/30/2017. Context Bh Capital Management, Lp controls 214,144 shares with a value of $4,358,000. The total value of its holdings increased 44.1%.
Acadian Asset Management LLC grew its holdings by buying 28,096 shares an increase of 82.6% in the quarter. Acadian Asset Management LLC now holds 62,098 shares valued at $1,624,000. The total value of its holdings increased 135.0%. As of quarter end Bank Of Montreal /can/ had disposed of a total of 642 shares trimming its holdings by 17.2%. The value of the investment in (NBN) increased from $76,000 to $81,000 increasing 6.6% since the last quarter.
The company is trading down by 0.74%% since yesterday’s close of 26.95. Northeast Bancorp declared a dividend which was paid on Friday August 25th, 2017. The dividend was $0.010 per share for the quarter which is $0.04 annualized. The dividend yield was $0.15. The ex-dividend date was set for Wednesday the 9th of August 2017.
The company’s P/E ratio is 19.38 and market capitalization is 236.58M. As of the last earnings report the EPS was $1.38 and is expected to be $2.03 for the current year with 8,844,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.46 with next year’s EPS projected to be $1.88.
Northeast Bancorp, launched on March 20, 1987, is a bank holding company. The Business’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..