R Squared Ltd Invests $41,000 in Northeast Bank (NASDAQ:NBN)

R Squared Ltd bought a new position in Northeast Bank (NASDAQ:NBN) during the 4th quarter, HoldingsChannel reports. The fund bought 450 shares of the financial services provider’s stock, valued at approximately $41,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC lifted its stake in shares of Northeast Bank by 151.9% in the fourth quarter. SG Americas Securities LLC now owns 6,031 shares of the financial services provider’s stock worth $553,000 after buying an additional 3,637 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in Northeast Bank during the fourth quarter valued at approximately $656,000. JPMorgan Chase & Co. lifted its position in Northeast Bank by 136.3% during the third quarter. JPMorgan Chase & Co. now owns 27,699 shares of the financial services provider’s stock valued at $2,136,000 after purchasing an additional 15,975 shares during the period. Barclays PLC lifted its position in Northeast Bank by 278.7% during the third quarter. Barclays PLC now owns 8,646 shares of the financial services provider’s stock valued at $666,000 after purchasing an additional 6,363 shares during the period. Finally, Hohimer Wealth Management LLC bought a new position in Northeast Bank during the third quarter valued at approximately $244,000.

Northeast Bank Trading Down 0.3 %

NBN opened at $101.20 on Monday. Northeast Bank has a 1-year low of $49.07 and a 1-year high of $105.44. The company has a market capitalization of $830.85 million, a PE ratio of 13.14 and a beta of 1.08. The firm’s 50 day simple moving average is $97.11 and its two-hundred day simple moving average is $84.32.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods assumed coverage on shares of Northeast Bank in a research report on Thursday, November 21st. They set a “market perform” rating and a $102.00 price objective on the stock.

Northeast Bank Profile

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.