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Northeast Bancorp

Nasdaq:NBN
Snowflake Description

Excellent balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NBN
Nasdaq
$196M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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 last earnings update was 69 days ago. More info.


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NBN Share Price and Events
7 Day Returns
2.9%
NasdaqGM:NBN
3.4%
US Banks
0.8%
US Market
1 Year Returns
5%
NasdaqGM:NBN
-3.4%
US Banks
5.9%
US Market
NBN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Northeast Bancorp (NBN) 2.9% 2.4% 15.7% 5% 88.2% 127.8%
US Banks 3.4% 0.5% 5.2% -3.4% 45.4% 47.9%
US Market 0.8% 2.6% 10.6% 5.9% 37.7% 45.5%
1 Year Return vs Industry and Market
  • NBN outperformed the Banks industry which returned -3.4% over the past year.
Price Volatility
NBN
Industry
5yr Volatility vs Market

Value

 Is Northeast Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Northeast Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Northeast Bancorp.

NasdaqGM:NBN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $13.90 * 10%
$1.40
Book Value of Equity per Share Median Book Value from the past 5 years. $13.90
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:NBN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.63
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.629 (1 + (1- 21%) (20.87%))
0.821
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.821 * 5.96%)
7.62%

Discounted Cash Flow Calculation for NasdaqGM:NBN using Excess Returns Model Model

The calculations below outline how an intrinsic value for Northeast Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGM:NBN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10% – 7.62%) * $13.90)
$0.34
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.34 / (7.62% - 2.73%)
$6.89
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $13.90 + $6.89
$20.8
NasdaqGM:NBN Discount to Share Price
Calculation Result
Value per share (USD) From above. $20.80
Current discount Discount to share price of $21.64
= -1 x ($21.64 - $20.80) / $20.80
-4.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Northeast Bancorp is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Northeast Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Northeast Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:NBN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $2.00
NasdaqGM:NBN Share Price ** NasdaqGM (2019-04-18) in USD $21.64
United States of America Banks Industry PE Ratio Median Figure of 587 Publicly-Listed Banks Companies 13.1x
United States of America Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 18.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Northeast Bancorp.

NasdaqGM:NBN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:NBN Share Price ÷ EPS (both in USD)

= 21.64 ÷ 2.00

10.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Northeast Bancorp is good value based on earnings compared to the US Banks industry average.
  • Northeast Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Northeast Bancorp's expected growth come at a high price?
Raw Data
NasdaqGM:NBN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
4.6%per year
United States of America Banks Industry PEG Ratio Median Figure of 260 Publicly-Listed Banks Companies 1.29x
United States of America Market PEG Ratio Median Figure of 2,108 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Northeast Bancorp, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Northeast Bancorp's assets?
Raw Data
NasdaqGM:NBN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $16.41
NasdaqGM:NBN Share Price * NasdaqGM (2019-04-18) in USD $21.64
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.24x
United States of America Market PB Ratio Median Figure of 5,172 Publicly-Listed Companies 1.93x
NasdaqGM:NBN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:NBN Share Price ÷ Book Value per Share (both in USD)

= 21.64 ÷ 16.41

1.32x

* Primary Listing of Northeast Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Northeast Bancorp is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Northeast Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Northeast Bancorp has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Northeast Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Northeast Bancorp, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Northeast Bancorp expected to grow at an attractive rate?
  • Northeast Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Northeast Bancorp's earnings growth is positive but not above the United States of America market average.
  • Unable to compare Northeast Bancorp's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:NBN Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:NBN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 4.6%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 4.1%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:NBN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:NBN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-06-30
2019-06-30
NasdaqGM:NBN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 63 24 18
2018-09-30 59 20 16
2018-06-30 59 19 16
2018-03-31 59 34 16
2017-12-31 59 31 15
2017-09-30 59 30 15
2017-06-30 56 34 12
2017-03-31 52 -16 11
2016-12-31 49 -4 9
2016-09-30 46 -1 8
2016-06-30 46 5 8
2016-03-31 45 45 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Northeast Bancorp's earnings are expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Northeast Bancorp is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:NBN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Northeast Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:NBN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-06-30
2019-06-30
NasdaqGM:NBN Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 2.00
2018-09-30 1.80
2018-06-30 1.82
2018-03-31 1.78
2017-12-31 1.74
2017-09-30 1.72
2017-06-30 1.39
2017-03-31 1.16
2016-12-31 0.97
2016-09-30 0.80
2016-06-30 0.80
2016-03-31 0.79

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Northeast Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Northeast Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Northeast Bancorp has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Northeast Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Northeast Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Northeast Bancorp has delivered over 20% year on year earnings growth in the past 5 years.
  • Northeast Bancorp's 1-year earnings growth is less than its 5-year average (16.6% vs 33.8%)
  • Northeast Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (16.6% vs 44.5%).
Earnings and Revenue History
Northeast Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Northeast Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:NBN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 63.23 17.94 32.05
2018-09-30 59.39 16.11 31.22
2018-06-30 58.93 16.17 30.82
2018-03-31 59.07 15.85 30.87
2017-12-31 58.80 15.38 30.58
2017-09-30 59.45 15.17 30.46
2017-06-30 55.93 12.34 30.51
2017-03-31 52.47 10.51 30.05
2016-12-31 49.14 8.86 29.61
2016-09-30 46.15 7.50 29.16
2016-06-30 45.54 7.62 28.01
2016-03-31 44.85 7.59 27.62
2015-12-31 44.43 7.53 27.02
2015-09-30 44.21 7.36 26.95
2015-06-30 43.74 7.14 27.01
2015-03-31 41.42 5.52 26.86
2014-12-31 39.03 4.20 26.48
2014-09-30 38.04 4.04 25.87
2014-06-30 36.06 2.70 26.04
2014-03-31 36.18 2.40 25.55
2013-12-31 38.49 3.60 26.34
2013-09-30 37.43 3.31 25.43
2013-06-30 38.13 3.94 24.81
2013-03-31 37.13 4.63 24.20
2012-12-31 33.96 3.06 23.43
2012-09-30 32.85 2.25 23.63
2012-06-30 29.43 0.62 22.95

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Northeast Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Northeast Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Northeast Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Northeast Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Northeast Bancorp has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Northeast Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Northeast Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Northeast Bancorp Company Filings, last reported 3 months ago.

NasdaqGM:NBN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 148.49 40.84 137.66
2018-09-30 143.39 39.84 205.87
2018-06-30 138.43 40.23 155.98
2018-03-31 133.79 40.57 222.12
2017-12-31 130.00 40.70 128.24
2017-09-30 126.71 45.84 150.83
2017-06-30 122.80 45.86 160.60
2017-03-31 118.68 45.70 147.48
2016-12-31 114.94 45.80 112.26
2016-09-30 111.55 57.26 126.27
2016-06-30 116.59 57.45 147.19
2016-03-31 114.53 45.26 91.51
2015-12-31 114.61 44.06 66.48
2015-09-30 113.70 44.43 86.33
2015-06-30 112.73 53.62 85.65
2015-03-31 112.49 55.02 105.29
2014-12-31 110.92 59.54 83.37
2014-09-30 113.24 67.72 83.53
2014-06-30 112.07 66.72 79.86
2014-03-31 114.01 66.04 74.36
2013-12-31 114.38 70.97 63.91
2013-09-30 113.85 70.70 77.38
2013-06-30 113.80 64.46 60.63
2013-03-31 115.74 71.46 142.57
2012-12-31 114.93 80.95 127.61
2012-09-30 118.86 90.23 102.57
2012-06-30 119.14 121.44 124.48
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Northeast Bancorp has an acceptable proportion of non-loan assets held.
  • Northeast Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Northeast Bancorp are broadly funded by customer deposits.
  • Northeast Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Northeast Bancorp has a low allowance for bad loans.
  • Northeast Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Northeast Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Northeast Bancorp has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Northeast Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.18%
Current annual income from Northeast Bancorp dividends.
If you bought $2,000 of Northeast Bancorp shares you are expected to receive $4 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Northeast Bancorp's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Northeast Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:NBN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 472 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:NBN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-06-30
2019-06-30
NasdaqGM:NBN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-08 0.040 0.195
2019-01-28 0.040 0.204
2018-11-09 0.040 0.222
2018-10-29 0.040 0.211
2018-09-13 0.040 0.185
2018-07-30 0.040 0.182
2018-05-10 0.040 0.181
2018-04-25 0.040 0.194
2018-02-09 0.040 0.188
2018-01-29 0.040 0.181
2017-11-09 0.040 0.166
2017-11-06 0.040 0.169
2017-10-24 0.040 0.156
2017-07-27 0.040 0.172
2017-05-10 0.040 0.199
2017-04-25 0.040 0.229
2017-02-09 0.040 0.271
2017-01-30 0.040 0.290
2016-10-26 0.040 0.328
2016-09-13 0.040 0.357
2016-07-27 0.040 0.357
2016-05-13 0.040 0.362
2016-05-02 0.040 0.348
2016-02-12 0.040 0.379
2016-02-01 0.040 0.399
2015-11-13 0.040 0.387
2015-10-26 0.040 0.369
2015-09-28 0.040 0.372
2015-07-28 0.040 0.380
2015-05-12 0.040 0.403
2015-05-01 0.040 0.421
2015-02-13 0.040 0.429
2015-01-29 0.040 0.438
2014-10-24 0.040 0.435
2014-07-24 0.040 0.433
2014-04-23 0.040 0.418
2014-01-30 0.360 3.845
2013-10-29 0.360 3.737
2013-07-29 0.360 3.528
2013-04-29 0.360 3.733
2013-01-31 0.360 3.739
2012-10-22 0.360 3.901
2012-07-31 0.360 4.006
2012-04-30 0.360 4.135
2012-01-27 0.360 2.977
2011-10-28 0.360 2.908
2011-08-08 0.360 2.962
2011-05-05 0.360 2.634
2011-02-04 0.360 2.446
2010-10-22 0.360 2.399
2010-08-04 0.360 2.822
2010-04-20 0.360 2.820
2010-01-21 0.360 2.929
2009-10-16 0.360 4.026
2009-07-20 0.360 4.097
2009-04-21 0.360 4.163

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Northeast Bancorp is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Northeast Bancorp is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Northeast Bancorp's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Northeast Bancorp's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Northeast Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Northeast Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Northeast Bancorp has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Northeast Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rick Wayne
COMPENSATION $1,014,957
AGE 66
TENURE AS CEO 8.3 years
CEO Bio

Mr. Richard N.Wayne, also known as Rick, has been the Chief Executive Officer and President of Northeast BanCorp since December 29, 2010. Mr. Wayne serves as the Chief Executive Officer and President at Northeast Bank, a subsidiary of Northeast BanCorp. He is responsible for all of Northeast's business divisions including the Northeast Community Banking Division, ableBanking and the Loan Acquisition and Servicing Group. He served as Chief Executive Officer and President at capital crossing preferred of Capital Crossing Servicing Company LLC and EOS Preferred Corporation. He served as Chief Executive Officer of EOS Preferred Corporation. He served as Co-Chief Executive Officer and President of Capital Crossing Servicing Company LLC (also known as Capital Crossing Bank) from 1991 to February 2007. He served as the President of EOS Preferred Corporation from March 1998 to December 14, 2007. He served as President of Capital Crossing Bank. He has been a Director of Northeast BanCorp and Northeast Bank since December 29, 2010. He served as a Director of Capital Crossing. He served as a Director of EOS Preferred Corporation from March 1998 to December 2007. Mr. Wayne holds a B.S. in Accounting from Syracuse University, a J.D. from Suffolk University Law School and a LL.M. in Taxation from the Boston University School of Law.

CEO Compensation
  • Rick's compensation has been consistent with company performance over the past year.
  • Rick's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Northeast Bancorp management team in years:

5
Average Tenure
55
Average Age
  • The average tenure for the Northeast Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Rick Wayne

TITLE
President
COMPENSATION
$1M
AGE
66
TENURE
8.3 yrs

Jean-Pierre Lapointe

TITLE
CFO & Treasurer
COMPENSATION
$375K
AGE
36
TENURE
1.4 yrs

Julie Jenkins

TITLE
Senior VP & Director of Operations
COMPENSATION
$357K
AGE
55
TENURE
6.8 yrs

Brian Pinheiro

TITLE
Chief Risk Officer
COMPENSATION
$346K
AGE
36

Patrick Dignan

TITLE
Executive Vice President
COMPENSATION
$717K
AGE
55
TENURE
3.2 yrs

Jim Krumsiek

TITLE
MD & Legal Counsel

Heidi Jacques

TITLE
SVP & Director of Human Resources

Brian Fenwick

TITLE
MD & Director of Loan Underwriting

Theresa Morrison

TITLE
Senior VP & Director of Real Estate Valuation

Christopher Hickey

TITLE
MD & Director of Asset Management
Board of Directors Tenure

Average tenure and age of the Northeast Bancorp board of directors in years:

8.3
Average Tenure
62
Average Age
  • The tenure for the Northeast Bancorp board of directors is about average.
Board of Directors

Robert Glauber

TITLE
Chairman of the Board
COMPENSATION
$75K
AGE
79
TENURE
8.3 yrs

Rick Wayne

TITLE
President
COMPENSATION
$1M
AGE
66
TENURE
8.3 yrs

John Orestis

TITLE
Director
COMPENSATION
$60K
AGE
75
TENURE
11.4 yrs

Judy Wallingford

TITLE
Director
COMPENSATION
$60K
AGE
62
TENURE
25.3 yrs

Matt Botein

TITLE
Director
COMPENSATION
$55K
AGE
45
TENURE
8.3 yrs

Cheryl Dorsey

TITLE
Director
COMPENSATION
$50K
AGE
55
TENURE
8.3 yrs

David Tanner

TITLE
Director
COMPENSATION
$50K
AGE
59
TENURE
8.3 yrs
Who owns this company?
Recent Insider Trading
  • Northeast Bancorp insiders have sold more shares than they have bought in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
19. Feb 19 Sell Julie Jenkins Individual 15. Feb 19 15. Feb 19 -2,000 $19.79 $-39,580
14. Feb 19 Sell Continental Grain Company Corp. Company 25. Oct 18 12. Feb 19 -163,657 $20.29 $-3,300,092
31. Jan 19 Buy Jean-Pierre Lapointe Individual 31. Jan 19 31. Jan 19 175 $19.71 $3,449
28. Aug 18 Buy Jean-Pierre Lapointe Individual 28. Aug 18 28. Aug 18 100 $21.85 $2,185
08. Aug 18 Buy Richard Wayne Individual 07. Aug 18 07. Aug 18 10,000 $22.20 $222,000
02. Aug 18 Buy Jean-Pierre Lapointe Individual 02. Aug 18 02. Aug 18 100 $21.90 $2,190
30. May 18 Buy Jean-Pierre Lapointe Individual 30. May 18 30. May 18 100 $21.80 $2,180
22. May 18 Sell Julie Jenkins Individual 21. May 18 21. May 18 -1,500 $22.35 $-33,525
02. May 18 Buy Richard Wayne Individual 01. May 18 01. May 18 10,000 $20.15 $201,500
30. Apr 18 Buy Jean-Pierre Lapointe Individual 30. Apr 18 30. Apr 18 100 $19.98 $1,998
X
Management checks
We assess Northeast Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Northeast Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Are Insiders Buying Northeast Bancorp (NASDAQ:NBN) Stock?

So shareholders might well want to know whether insiders have been buying or selling shares in Northeast Bancorp (NASDAQ:NBN). … In the last twelve months, the biggest single purchase by an insider was when President Richard Wayne bought US$222k worth of shares at a price of US$22.20 per share. … In total, Northeast Bancorp insiders bought more than they sold over the last year

Simply Wall St -

Investors Who Bought Northeast Bancorp (NASDAQ:NBN) Shares Five Years Ago Are Now Up 122%

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Over half a decade, Northeast Bancorp managed to grow its earnings per share at 42% a year. … The EPS growth is more impressive than the yearly share price gain of 17% over the same period.

Simply Wall St -

Why These Fundamentals Make Northeast Bancorp’s (NASDAQ:NBN) More Attractive

As a small-cap finance stock with a market capitalisation of US$190m, the risk and profitability of Northeast Bancorp (NASDAQ:NBN) are largely tied to the underlying economic growth of the region it operates in US. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like Northeast Bancorp to vulnerabilities. … Today we will be measuring Northeast Bancorp’s financial risk position by looking at three leverage and liquidity metrics.

Simply Wall St -

Have You Considered These Key Risks For Northeast Bancorp (NASDAQ:NBN)?

Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Northeast Bancorp’s bottom line. … Today we will analyse Northeast Bancorp’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank. … Check out our latest analysis for Northeast Bancorp

Simply Wall St -

Should You Worry About Northeast Bancorp's (NASDAQ:NBN) CEO Pay Cheque?

In 2010 Rick Wayne was appointed CEO of Northeast Bancorp (NASDAQ:NBN). … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Rick Wayne's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Did Northeast Bancorp (NASDAQ:NBN) Insiders Buy Up More Shares?

So before you buy or sell Northeast Bancorp (NASDAQ:NBN), you may well want to know whether insiders have been buying or selling. … Northeast Bancorp Insider Transactions Over The Last Year. … In total, Northeast Bancorp insiders bought more than they sold over the last year

Simply Wall St -

Three Understated Metrics For Northeast Bancorp (NASDAQ:NBN) You Should Know

As a small-cap finance stock with a market capitalisation of US$162m, the risk and profitability of Northeast Bancorp (NASDAQ:NBN) are largely tied to the underlying economic growth of the region it operates in US. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like Northeast Bancorp to vulnerabilities. … Today we will be measuring Northeast Bancorp’s financial risk position by looking at three leverage and liquidity metrics.

Simply Wall St -

What You Should Know About Northeast Bancorp’s (NASDAQ:NBN) Risks

Northeast Bancorp (NASDAQ:NBN) is a small-cap bank with a market capitalisation of US$170m. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Northeast Bancorp’s bottom line. … Check out our latest analysis for Northeast Bancorp

Simply Wall St -

What Makes Northeast Bancorp (NASDAQ:NBN) A Hard Investment?

As a small-cap finance stock with a market capitalisation of US$199.34m, the risk and profitability of Northeast Bancorp (NASDAQ:NBN) are largely tied to the underlying economic growth of the region it operates in US. … Since its financial standing can unexpectedly decline in the case of an adverse macro event such as political instability, it is important to understand how prudent the bank is at managing its risk levels. … Today we will be measuring Northeast Bancorp’s financial risk position by looking at three leverage and liquidity metrics.

Simply Wall St -

Are You Considering All The Risks For Northeast Bancorp’s (NASDAQ:NBN)?

Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Northeast Bancorp’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of Northeast Bancorp's a stock investment. … Check out our latest analysis for Northeast Bancorp

Simply Wall St -

Company Info

Description

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, savings, NOW, and money market accounts, as well as certificate of deposit 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 automobile, boat, and recreational vehicle loans; and small business administration loans. In addition, the company offers telephone banking, online banking and bill payment, mobile banking, and remote deposit capture services, as well as debit card, ATM, electronic transfer, and check services. As of July 30, 2018, it provided personal and business banking services through 10 branches in south-central and western Maine. The company was formerly known as Bethel Bancorp, Inc. and changed its name to Northeast Bancorp in 1996. Northeast Bancorp was founded in 1872 and is headquartered in Lewiston, Maine.

Details
Name: Northeast Bancorp
NBN
Exchange: NasdaqGM
Founded: 1872
$195,666,023
9,041,868
Website: http://www.northeastbank.com
Address: Northeast Bancorp
500 Canal Street,
Lewiston,
Maine, 04240,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM NBN Common Stock Nasdaq Global Market US USD 19. Aug 1987
Number of employees
Current staff
Staff numbers
176
Northeast Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 23:39
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/01/30
Last earnings filing: 2019/02/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.