Northeast Bank (NASDAQ:NBN – Get Free Report) announced its earnings results on Tuesday. The financial services provider reported $2.11 EPS for the quarter, beating the consensus estimate of $1.77 by $0.34, Yahoo Finance reports. During the same period in the previous year, the company earned $2.01 EPS.
Northeast Bank Price Performance
NASDAQ:NBN opened at $88.01 on Wednesday. The firm has a 50-day moving average of $75.03 and a two-hundred day moving average of $65.07. Northeast Bank has a 1-year low of $47.22 and a 1-year high of $88.99.
Analyst Ratings Changes
Separately, Piper Sandler reissued an “overweight” rating and set a $80.00 target price on shares of Northeast Bank in a research report on Wednesday, September 11th.
About Northeast Bank
Northeast Bank provides banking services to individual and corporate customers in Maine. The company's deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and individual retirement accounts, as well as checking accounts. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, such as term loans, lines of credit and equipment, and receivables financing; consumer loans comprising mobile home and overdraft, and deposit-secured loans; and small business administration loans.
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