Stock Worth Watching: Northeast Bancorp (NASDAQ:NBN) Institutional Investors Quarterly Sentiment

November 16, 2016 - By Nellie Frank   ·   0 Comments

Stock Worth Watching: Northeast Bancorp (NASDAQ:NBN) Institutional Investors Quarterly Sentiment

Sentiment for Northeast Bancorp (NASDAQ:NBN)

Northeast Bancorp (NASDAQ:NBN) institutional sentiment decreased to 0.83 in 2016 Q2. Its down -1.67, from 2.5 in 2016Q1. The ratio dropped, as 5 investment professionals started new or increased positions, while 6 cut down and sold their positions in Northeast Bancorp. The investment professionals in our partner’s database now own: 2.57 million shares, down from 2.88 million shares in 2016Q1. Also, the number of investment professionals holding Northeast Bancorp in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 4 Increased: 4 New Position: 1.

Northeast Bancorp is a bank holding company. The company has a market cap of $98.47 million. The Company’s banking subsidiary is Northeast Bank . It has a 13.93 P/E ratio. The Firm provides a range of banking services to individual and corporate clients throughout south-central and western Maine and conducts loan purchasing and origination activities nationwide through its subsidiary.

About 4,662 shares traded hands. Northeast Bancorp (NASDAQ:NBN) has risen 7.45% since April 14, 2016 and is uptrending. It has outperformed by 2.76% the S&P500.

According to Zacks Investment Research, “NORTHEAST BANCORP (ME)is a savings and loan holding company whose primary assets is its subsidiary, Northeast Bank, F.S.B., the bank. The Bank’s primary business consists of attracting savings deposits from the general public and applying those funds primarily to the origination and retention of first mortgage loans on residential real estate. Of the Bank’s loan portfolio at June 30, 1996, 83% was invested in real estate loans(including residential, construction and commercial mortgage loans), 8% incommercial loans and 9% in consumer loans.”

Srb Corp holds 0.62% of its portfolio in Northeast Bancorp for 357,041 shares. Price Michael F owns 361,800 shares or 0.54% of their US portfolio. Moreover, Bridgeway Capital Management Inc has 0.01% invested in the company for 35,000 shares. The Massachusetts-based Acadian Asset Management Llc has invested 0% in the stock. Alliancebernstein L.P., a New York-based fund reported 82,556 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 0 sales for $10,005 net activity.

NBN Company Profile

Northeast Bancorp, incorporated on March 20, 1987, is a bank holding company. The Company’s banking subsidiary is Northeast Bank (the Bank). The Firm provides a range of banking services to individual and corporate clients throughout south-central and western Maine and conducts loan purchasing and origination activities nationwide through its subsidiary.

More news for Northeast Bancorp (NASDAQ:NBN) were recently published by: Seekingalpha.com, which released: “Northeast Bancorp’s (NBN) CEO Rick Wayne on Q1 2017 Results – Earnings Call …” on October 30, 2016. Globenewswire.com‘s article titled: “Northeast Bancorp Closed Private Placement of $15.05 million of Subordinated …” and published on June 29, 2016 is yet another important article.

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By Nellie Frank


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