Piper Sandler resumed coverage of Northeast Bancorp with a rating of Overweight and set a new price target of $80.00
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2024 | $102.00 | Mkt Perform | Keefe Bruyette |
| 9/11/2024 | $80.00 | Overweight | Piper Sandler |
PORTLAND, Maine, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based full-service bank, today reported net income of $17.1 million, or $2.11 per diluted common share, for the quarter ended September 30, 2024, compared to net income of $15.2 million, or $2.01 per diluted common share, for the quarter ended September 30, 2023. The Board of Directors declared a cash dividend of $0.01 per share, payable on November 26, 2024, to shareholders of record as of November 12, 2024. "With $859.8 million of loan generation from our National Lending Division, we had our second largest quarterly loan volume in the Bank's history, consisting of $732.9 million of pur
PORTLAND, Maine, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based full-service bank, announced today it will release its fiscal 2025 first quarter earnings results on Tuesday, October 29, 2024. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Wednesday, October 30, 2024. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Richard Cohen, Chief Financial Officer, and Pat Dignan, Chief Operating Officer. To access the conference call by phone, please go to this link (Phone Registration), and you will be provided with dial in details. The call will be availa
PORTLAND, Maine, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN) announced today that since June 30, 2024, the Bank has purchased primarily commercial real estate loans in the amount of unpaid principal balance of $805 million. Because the purchases closed primarily late in the quarter, there will be minimal impact on earnings for the first fiscal quarter of 2025. The Bank has funded and intends to fund the purchase of these loans primarily relying on brokered deposits and Federal Home Loan Bank advances. Discussing the purchases, Rick Wayne, Chief Executive Officer said, "We are very pleased with this quarter's purchased loan activity, which represents the se
Northeast Bank (NASDAQ:NBN) reported quarterly earnings of $1.83 per share which beat the analyst consensus estimate of $1.72 by 6.4 percent. This is a 8.28 percent increase over earnings of $1.69 per share from the same period last year. The company reported quarterly sales of $38.054 million which beat the analyst consensus estimate of $36.340 million by 4.72 percent. This is a 13.84 percent increase over sales of $33.427 million the same period last year.
Today, February 26, 2024, Northeast Bank (NASDAQ:NBN) will distribute a dividend payout of $0.01 per share, highlighting an annualized dividend yield of 0.07%. Shareholders who owned the stock before the ex-dividend date on February 09, 2024 will be eligible for this payout. Northeast Bank Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; } tr:nth-chi
Northeast Bank (NASDAQ:NBN) reported its Q2 earnings results on Tuesday, January 30, 2024 at 04:16 PM. Here's what investors need to know about the announcement. Earnings Northeast Bank beat estimated earnings by 7.56%, reporting an EPS of $1.85 versus an estimate of $1.72. Revenue was up $8.41 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.45 which was followed by a 7.1% increase in the share price the next day. Here's a look at Northeast Bank's past performance: Quarter Q1 2024 Q4 2023 Q3 2023 Q2 2023 EPS Estimate 1.56 1.55 1.66 1.27 EPS Actual 2.01 1.61 1.69 1.54 Revenue Estimate 34.01M 34.38M 33.93M 27.25M Revenue
Keefe Bruyette initiated coverage of Northeast Bancorp with a rating of Mkt Perform and set a new price target of $102.00
Piper Sandler resumed coverage of Northeast Bancorp with a rating of Overweight and set a new price target of $80.00
PORTLAND, Maine, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based full-service bank, today reported net income of $17.1 million, or $2.11 per diluted common share, for the quarter ended September 30, 2024, compared to net income of $15.2 million, or $2.01 per diluted common share, for the quarter ended September 30, 2023. The Board of Directors declared a cash dividend of $0.01 per share, payable on November 26, 2024, to shareholders of record as of November 12, 2024. "With $859.8 million of loan generation from our National Lending Division, we had our second largest quarterly loan volume in the Bank's history, consisting of $732.9 million of pur
PORTLAND, Maine, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based full-service bank, announced today it will release its fiscal 2025 first quarter earnings results on Tuesday, October 29, 2024. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Wednesday, October 30, 2024. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Richard Cohen, Chief Financial Officer, and Pat Dignan, Chief Operating Officer. To access the conference call by phone, please go to this link (Phone Registration), and you will be provided with dial in details. The call will be availa
PORTLAND, Maine, July 29, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), a Maine-based full-service bank, today reported net income of $15.1 million, or $1.91 per diluted common share, for the quarter ended June 30, 2024, compared to net income of $12.1 million, or $1.61 per diluted common share, for the quarter ended June 30, 2023. Net income for the year ended June 30, 2024 was $58.2 million, or $7.58 per diluted common share, compared to $44.2 million, or $5.96 per diluted common share, for the year ended June 30, 2023. The Board of Directors declared a cash dividend of $0.01 per share, payable on August 23, 2024, to shareholders of record as of August 9, 2024. "We
PORTLAND, Maine, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the "Bank") (NASDAQ:NBN), announced today the hiring of Richard Cohen, who will be appointed as Chief Financial Officer of the Bank, effective February 1, 2024. Mr. Cohen will succeed Chief Financial Officer Jean-Pierre Lapointe upon his departure from the Bank. Mr. Cohen, 51, joins the Bank directly from Grey Matter Thinking, a professional services business that has specialized in banking since 2008, where he was the founder and Chief Executive Officer. Prior to that, he was a Partner in KPMG's Financial Services Practice in Johannesburg and subsequently in London. Mr. Cohen holds two Bachelors' degrees and one Master's