Northeast Bank (NBN) Expected to Release Earnings Soon

Northeast Bank (NASDAQ:NBN – Get Free Report) is set to release its earnings report before the market opens on Tuesday, February 4th. Market analysts project that the company will report earnings of $2.56 per share, alongside revenue of $47.73 million for the quarter.

Northeast Bank Stock Performance

On Friday, NBN stock opened at $101.20. Northeast Bank boasts a market capitalization of approximately $830.85 million and a price-to-earnings (P/E) ratio of 13.14. Additionally, the company's stock has a beta of 1.08, indicating some volatility. As of now, the 50-day moving average stands at $97.11, while its two-hundred-day moving average is at $84.32. Over the past year, Northeast Bank's stock hit a low of $49.07 and a high of $105.44.

Wall Street Analysts Predict Growth

In a recent update, Keefe, Bruyette & Woods initiated coverage on Northeast Bank, assigning a “market perform” rating with a target price of $102.00 for the stock. This outlook reflects their belief in the continued growth potential of the bank.

Northeast Bank Company Overview

Northeast Bank offers a variety of banking services catering to both individual and corporate customers within the state of Maine. Their deposit offerings include demand deposits, NOW accounts, money market accounts, savings, certificates of deposit, and individual retirement accounts. The bank's loan portfolio is diverse, featuring residential mortgage loans, multi-family and commercial real estate loans, industrial loans—including term loans, lines of credit, and equipment financing—consumer loans such as mobile home and overdraft loans, as well as small business administration loans.

Earnings, Stocks, Finance