Northeast Bank provides personal and business banking services in Maine, the United States.
Excellent balance sheet and good value.
Share Price & News
How has Northeast Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NBN has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NBN underperformed the US Banks industry which returned 10.3% over the past year.
Return vs Market: NBN underperformed the US Market which returned 17.9% over the past year.
Price Volatility Vs. Market
How volatile is Northeast Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StNortheast Bank (NASDAQ:NBN): What Does Its Beta Value Mean For Your Portfolio?
1 month ago | Simply Wall StCould The Northeast Bank (NASDAQ:NBN) Ownership Structure Tell Us Something Useful?
1 month ago | Simply Wall StDespite Its High P/E Ratio, Is Northeast Bank (NASDAQ:NBN) Still Undervalued?
Is Northeast Bank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NBN ($20.4) is trading below our estimate of fair value ($29.32)
Significantly Below Fair Value: NBN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NBN is poor value based on its PE Ratio (13.3x) compared to the Banks industry average (12.6x).
PE vs Market: NBN is good value based on its PE Ratio (13.3x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NBN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NBN is good value based on its PB Ratio (1.1x) compared to the US Banks industry average (1.2x).
How is Northeast Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Northeast Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Northeast Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NBN has a large one-off loss of $8.7M impacting its December 31 2019 financial results.
Growing Profit Margin: NBN's current net profit margins (20.3%) are lower than last year (28.4%).
Past Earnings Growth Analysis
Earnings Trend: NBN's earnings have grown significantly by 22% per year over the past 5 years.
Accelerating Growth: NBN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NBN had negative earnings growth (-22.7%) over the past year, making it difficult to compare to the Banks industry average (12.2%).
Return on Equity
High ROE: NBN's Return on Equity (8.5%) is considered low.
Return on Assets
Return on Capital Employed
How is Northeast Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: NBN has a low level of unsold assets or inventory.
Debt Coverage by Assets: NBN's debt is covered by short term assets (assets are 1.2x debt).
Financial Institutions Analysis
Asset Level: NBN's level of assets compared to its equity is low.
Allowance for Bad Loans: NBN has a low allowance for bad loans.
Low Risk Liabilities: NBN's liabilities are made up of primarily low risk sources of funding.
Loan Level: NBN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: NBN's loans are broadly funded by customer deposits.
Level of Bad Loans: NBN has an appropriate level of bad loans (1.88%)
What is Northeast Bank's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NBN's dividend (0.2%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: NBN's dividend (0.2%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: NBN is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: NBN is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: NBN is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NBN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rick Wayne (67yo)
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 No ...
CEO Compensation Analysis
Compensation vs Market: Rick's total compensation ($USD1.81M) is above average for companies of similar size in the US market ($USD1.11M).
Compensation vs Earnings: Rick's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Senior VP & Director of Operations||7.7yrs||US$518.84k||0.24% $438.7k|
|Executive Vice President||4yrs||US$1.27m||1.14% $2.1m|
|CFO & Treasurer||2.3yrs||US$374.75k||0.081% $149.9k|
|Senior VP & Director of Human Resources||0yrs||no data||no data|
|MD & Director of Loan Underwriting||0yrs||no data||no data|
|Senior VP & Director of Real Estate Valuation||0yrs||no data||no data|
|Chief Risk Officer||0yrs||US$346.31k||0.18% $325.4k|
|MD & Director of Asset Management||0yrs||no data||no data|
|SVP & Corporate Controller||0yrs||no data||0.011% $20.4k|
Experienced Management: NBN's management team is seasoned and experienced (5.8 years average tenure).
|Independent Director||9.2yrs||US$50.00k||0.11% $204.0k|
|Chairman of the Board||9.2yrs||US$75.00k||0.66% $1.2m|
|Independent Director||9.2yrs||US$55.00k||0.69% $1.3m|
|Independent Director||12.3yrs||US$60.00k||0.66% $1.2m|
|Independent Director||26.1yrs||US$60.00k||0.28% $510.0k|
|Independent Director||9.2yrs||US$50.00k||no data|
Experienced Board: NBN's board of directors are considered experienced (9.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NBN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Northeast Bank's company bio, employee growth, exchange listings and data sources
- Name: Northeast Bank
- Ticker: NBN
- Exchange: NasdaqGM
- Founded: 1872
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$184.661m
- Shares outstanding: 9.05m
- Website: https://www.northeastbank.com
Number of Employees
- Northeast Bank
- 500 Canal Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NBN||NasdaqGM (Nasdaq Global Market)||Yes||New Common Stock||US||USD||Aug 1987|
Northeast Bank provides personal and business banking services in Maine, the United States. The company’s deposit products include demand deposit, NOW, money market, savings, and certificate of deposit 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 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, cash management, and remote deposit capture services, as well as debit card, ATM, electronic transfer, and check services. It operates a network of 10 branches. Northeast Bank was founded in 1872 and is headquartered in Lewiston, Maine.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 03:02|
|End of Day Share Price||2020/02/21 00:00|
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.