American Century Companies Inc. Has $7.71 Million Stock Position in Northeast Bank (NASDAQ:NBN)

American Century Companies Inc. boosted its stake in shares of Northeast Bank (NASDAQ:NBN) by 18.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 126,748 shares of the financial services provider’s stock after purchasing an additional 19,947 shares during the period. American Century Companies Inc.’s holdings in Northeast Bank were worth $7,714,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its stake in shares of Northeast Bank by 3,166.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,025 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,963 shares in the last quarter. Enterprise Bank & Trust Co bought a new stake in Northeast Bank during the second quarter worth $201,000. BNP Paribas Financial Markets lifted its stake in Northeast Bank by 82.2% in the first quarter. BNP Paribas Financial Markets now owns 3,640 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 1,642 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Northeast Bank in the 2nd quarter valued at about $373,000. Finally, Ellsworth Advisors LLC increased its stake in shares of Northeast Bank by 5.0% during the 2nd quarter. Ellsworth Advisors LLC now owns 12,613 shares of the financial services provider’s stock worth $768,000 after purchasing an additional 598 shares during the last quarter.

Analyst Ratings Changes

Separately, Piper Sandler reiterated an “overweight” rating and set a $80.00 price target on shares of Northeast Bank in a report on Wednesday, September 11th.

Northeast Bank Price Performance

NBN stock opened at $69.31 on Tuesday. The business’s 50 day simple moving average is $68.40 and its 200 day simple moving average is $60.08. Northeast Bank has a 1-year low of $42.48 and a 1-year high of $74.85.

Northeast Bank (NASDAQ:NBN) last issued its quarterly earnings data on Monday, July 29th. The financial services provider reported $1.91 earnings per share for the quarter. The company had revenue of $68.66 million during the quarter. During the same quarter in the previous year, the firm earned $1.61 earnings per share.

Northeast Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.06%. The ex-dividend date of this dividend was Friday, August 9th. Northeast Bank’s dividend payout ratio is presently 0.55%.

Northeast Bank Company Profile

Northeast Bank provides banking services to individual and corporate customers in Maine. The company's deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and individual retirement accounts, as well as checking accounts. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, such as term loans, lines of credit and equipment, and receivables financing; consumer loans comprising mobile home and overdraft, and deposit-secured loans; and small business administration loans.