Somewhat Favorable News Coverage Somewhat Unlikely to Affect Northeast Bancorp (NBN) Share Price

News headlines about Northeast Bancorp (NASDAQ:NBN) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Northeast Bancorp earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.5431831528056 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of Northeast Bancorp (NASDAQ NBN) traded down $0.45 during mid-day trading on Friday, hitting $24.15. 36,074 shares of the stock were exchanged, compared to its average volume of 33,990. Northeast Bancorp has a 12 month low of $12.35 and a 12 month high of $29.95. The firm has a market capitalization of $195.09, a price-to-earnings ratio of 14.29 and a beta of 0.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.06 and a quick ratio of 1.05.

Separately, ValuEngine cut shares of Northeast Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

In related news, Director Julie Jenkins sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $25.35, for a total value of $101,400.00. Following the transaction, the director now directly owns 21,955 shares in the company, valued at $556,559.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.38% of the stock is currently owned by corporate insiders.

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Northeast Bancorp Company Profile

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.

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

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