Today’s Dividend On Watch: Northeast Bancorp (NASDAQ:NBN) dividends of $0.01 are projected for the near future; this is why.

Today's Dividend On Watch: Northeast Bancorp (NASDAQ:NBN) dividends of $0.01 are projected for the near future; this is why.

Northeast Bancorp (NASDAQ:NBN) is expected to pay $0.01 on Nov 18, 2016. The indicated annual dividend is $0.04. Shareholders owning the stock before Nov 2, 2016 will be eligible to receive the payout. Based on Northeast Bancorp’s current price of $11.20, the dividend is 0.09%. This dividend’s record date is Nov 4, 2016 and the announcement date is Oct 27, 2016. The stock increased 1.42% or $0.16 on October 31, hitting $11.2. Northeast Bancorp (NASDAQ:NBN) has risen 3.42% since March 30, 2016 and is uptrending. It has outperformed by 0.40% the S&P500.

Northeast Bancorp is a bank holding company. The company has a market cap of $100.32 million. The Company’s banking subsidiary is Northeast Bank . It has a 13.99 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.

Insitutional Activity: The institutional sentiment decreased to 0.83 in Q2 2016. Its down 1.67, from 2.5 in 2016Q1. The ratio is negative, as 2 funds sold all Northeast Bancorp shares owned while 4 reduced positions. 1 funds bought stakes while 4 increased positions. They now own 2.57 million shares or 10.60% less from 2.88 million shares in 2016Q1.
Wellington Mgmt Gp Limited Liability Partnership has invested 0% of its portfolio in Northeast Bancorp (NASDAQ:NBN). Dimensional Fund Limited Partnership, a Texas-based fund reported 60,193 shares. Ladenburg Thalmann accumulated 0% or 5,000 shares. Deutsche State Bank Ag, a Germany-based fund reported 1,968 shares. Moreover, First Manhattan Company has 0% invested in Northeast Bancorp (NASDAQ:NBN) for 2,300 shares. Geode Capital Management Ltd accumulated 21,294 shares or 0% of the stock. Alliancebernstein Lp has 82,556 shares for 0% of their US portfolio. Commonwealth Equity Serv accumulated 12,650 shares or 0% of the stock. Lsv Asset accumulated 0% or 59,533 shares. Axa last reported 0% of its portfolio in the stock. Boston Prns has 217,260 shares for 0% of their US portfolio. Morgan Stanley owns 7,612 shares or 0% of their US portfolio. Moreover, Brandywine Glob Invest Mgmt Limited Company has 0% invested in Northeast Bancorp (NASDAQ:NBN) for 30,664 shares. Price Michael F last reported 0.54% of its portfolio in the stock. State Street holds 10,500 shares or 0% of its portfolio.

Insider Transactions: Since August 1, 2016, the stock had 1 buy, and 0 sales for $10,005 net activity. 867 shares were bought by McClean Peter Walter, worth $10,005 on Monday, August 1.

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. Reuters.com‘s article titled: “BRIEF-Northeast Bancorp Q1 earnings per share $0.19” and published on October 26, 2016 is yet another important article.

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.

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