LSV Asset Management Sells 10,957 Shares of Northeast Bancorp (NBN)

LSV Asset Management decreased its position in shares of Northeast Bancorp (NASDAQ:NBN) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,244 shares of the financial services provider’s stock after selling 10,957 shares during the quarter. LSV Asset Management owned about 1.60% of Northeast Bancorp worth $2,429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NBN. Rhumbline Advisers bought a new stake in Northeast Bancorp during the fourth quarter worth $168,000. Seizert Capital Partners LLC bought a new stake in Northeast Bancorp during the third quarter worth $1,408,000. Pacific Ridge Capital Partners LLC grew its holdings in Northeast Bancorp by 18.5% during the third quarter. Pacific Ridge Capital Partners LLC now owns 242,188 shares of the financial services provider’s stock worth $5,255,000 after buying an additional 37,771 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Northeast Bancorp by 10.3% during the third quarter. Dimensional Fund Advisors LP now owns 302,011 shares of the financial services provider’s stock worth $6,554,000 after buying an additional 28,106 shares in the last quarter. Finally, Vanguard Group Inc grew its holdings in Northeast Bancorp by 0.3% during the third quarter. Vanguard Group Inc now owns 349,093 shares of the financial services provider’s stock worth $7,575,000 after buying an additional 1,058 shares in the last quarter. Hedge funds and other institutional investors own 48.94% of the company’s stock.

In other Northeast Bancorp news, Director Julie Jenkins sold 2,000 shares of the business’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $19.79, for a total value of $39,580.00. Following the transaction, the director now owns 23,955 shares of the company’s stock, valued at $474,069.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 14.22% of the stock is currently owned by insiders.

NBN stock opened at $19.78 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.09. Northeast Bancorp has a 1-year low of $15.54 and a 1-year high of $24.50. The firm has a market capitalization of $180.94 million, a price-to-earnings ratio of 10.21 and a beta of 0.85.

Northeast Bancorp (NASDAQ:NBN) last posted its quarterly earnings data on Monday, January 28th. The financial services provider reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.01). Northeast Bancorp had a return on equity of 12.72% and a net margin of 22.28%. The business had revenue of $17.19 million during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 12th will be given a $0.01 dividend. The ex-dividend date is Monday, February 11th. This represents a $0.04 annualized dividend and a yield of 0.20%.

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Northeast Bancorp Company Profile

Northeast Bancorp operates as the bank holding company for Northeast Bank that provides banking products and services to individual and corporate customers in the United States. The company's deposit products include noninterest-bearing demand deposit, savings, NOW, and money market accounts, as well as certificate of deposit accounts.

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Institutional Ownership by Quarter for Northeast Bancorp (NASDAQ:NBN)

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