Northeast Bancorp (NBN) Receives Coverage Optimism Score of 0.13
News stories about Northeast Bancorp (NASDAQ:NBN) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Northeast Bancorp earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.880456074713 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Northeast Bancorp (NASDAQ NBN) traded up $0.20 on Wednesday, reaching $23.35. The company had a trading volume of 66,200 shares, compared to its average volume of 55,150. Northeast Bancorp has a fifty-two week low of $12.85 and a fifty-two week high of $29.95. The company has a market capitalization of $183.59, a price-to-earnings ratio of 13.82 and a beta of 0.28. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.35.
Separately, ValuEngine lowered Northeast Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
In related news, Director Julie Jenkins sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $25.35, for a total transaction of $101,400.00. Following the sale, the director now owns 21,955 shares in the company, valued at $556,559.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.38% of the company’s stock.
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About Northeast Bancorp
Northeast Bancorp is a bank holding company. The Company’s banking subsidiary is Northeast Bank (the Bank). The Company provides a range of banking services to individual and corporate customers throughout south-central and western Maine and conducts loan purchasing and origination activities nationwide through its subsidiary.
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