Northeast Bancorp (NASDAQ:NBN) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Northeast Bancorp (NASDAQ:NBN) posted its quarterly earnings data on Monday. The financial services provider reported $3.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.01, Zacks reports. The firm had revenue of $64.27 million for the quarter, compared to analysts’ expectations of $66.77 million.

Northeast Bancorp Trading Down 1.4%

Shares of Northeast Bancorp stock traded down $1.86 on Wednesday, hitting $131.12. 33,524 shares of the company traded hands, compared to its average volume of 119,844. Northeast Bancorp has a 52 week low of $80.75 and a 52 week high of $142.31. The business has a 50-day simple moving average of $128.77 and a 200 day simple moving average of $123.38.

Northeast Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Monday, November 9th will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, November 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%.

Analysts Set New Price Targets

Several research firms have recently issued reports on NBN. Weiss Ratings reiterated a “buy (b)” rating on shares of Northeast Bancorp in a research note on Friday, July 31st. Keefe, Bruyette & Woods boosted their target price on Northeast Bancorp from $128.00 to $136.00 and gave the stock a “market perform” rating in a report on Tuesday, July 28th. Finally, Piper Sandler increased their target price on Northeast Bancorp from $145.00 to $151.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

Key Stories Impacting Northeast Bancorp

Here are the key news stories impacting Northeast Bancorp this week:

• Positive Sentiment: Northeast Bancorp reported fiscal Q1 2027 earnings of $3.42 per diluted share, narrowly beating the $3.41 consensus estimate. Net income increased to $29.0 million from $22.5 million a year earlier, or $2.67 per share. Northeast Bank Reports First Quarter Results and Declares Dividend
• Positive Sentiment: Management pointed to approximately $1.58 billion of loan capacity, supporting the bank’s ability to continue expanding its lending business if attractive opportunities emerge. The company’s strong operating track record was also cited as a reason its performance could continue. Northeast Bank outlines CD rollover and loan capacity
• Neutral Sentiment: The board declared a quarterly dividend of $0.01 per share, payable November 23 to shareholders of record November 9. The $0.04 annualized payout provides limited income support, with a yield of approximately 0.0%.
• Neutral Sentiment: Reported short interest was listed at zero shares, implying no measurable short-squeeze support or significant bearish positioning based on that report.
• Negative Sentiment: Revenue of $64.27 million fell short of the $66.77 million consensus estimate, tempering the impact of the EPS beat. Northeast Bank Fiscal Q1 Earnings, Revenue Rise
• Negative Sentiment: About $1.4 billion of certificates of deposit is rolling over at costs roughly 50 basis points higher. More expensive funding could pressure net interest margins and profitability, even as the bank retains significant capacity to grow loans. Northeast Bank outlines CD rollover and loan capacity

Northeast Bancorp Company Profile

Northeast Bancorp is the bank holding company for Northeast Bank, a community-focused financial institution headquartered in Lewiston, Maine. Founded in 1872, Northeast Bank provides banking and lending services to individuals, families, businesses and nonprofit organizations.

The bank offers deposit products such as checking, savings and money market accounts, certificates of deposit and business deposit services. Its lending activities include commercial real estate, commercial and industrial, residential real estate, consumer and municipal loans, as well as construction and other business financing.