Positive Media Coverage Somewhat Unlikely to Impact Northeast Bank (NBN) Share Price

Media headlines about Northeast Bank (NASDAQ:NBN) have been trending positive on Monday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Northeast Bank earned a daily sentiment score of 0.29 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.2881956482396 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Northeast Bank stock remained flat at $$19.95 during midday trading on Monday. 9,188 shares of the company’s stock traded hands, compared to its average volume of 30,758. Northeast Bank has a twelve month low of $16.15 and a twelve month high of $29.95. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.30. The firm has a market cap of $178.07, a PE ratio of 11.95 and a beta of 0.35.

Northeast Bank (NASDAQ:NBN) last issued its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.33 earnings per share for the quarter. Northeast Bank had a net margin of 21.61% and a return on equity of 12.13%. The business had revenue of $13.69 million during the quarter.

In other Northeast Bank news, Director David Allen Tanner acquired 10,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $21.68 per share, for a total transaction of $216,800.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.38% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: “Positive Media Coverage Somewhat Unlikely to Impact Northeast Bank (NBN) Share Price” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another domain, it was copied illegally and republished in violation of international copyright & trademark laws. The correct version of this article can be read at https://www.dispatchtribunal.com/2018/04/23/positive-media-coverage-somewhat-unlikely-to-impact-northeast-bank-nbn-share-price.html.

Northeast Bank Company Profile

Northeast Bancorp operates as the bank holding company for Northeast Bank that provides banking products and services to individual and corporate customers in the United States. The company's deposit products include noninterest-bearing demand deposit, NOW, money market, and savings accounts, as well as certificate of deposit accounts.

Insider Buying and Selling by Quarter for Northeast Bank (NASDAQ:NBN)

Receive News & Ratings for Northeast Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northeast Bank and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply