Northeast Bank (NASDAQ: NBN). Extremely significant positive changes in investment behavior have recently occurred: the stock rose on very heavy volume, and its shorter term price trend turned up.
Notable positive changes in Northeast Bank (NASDAQ: NBN) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NBN is expected to continue to be a modest Value Builder.
Northeast Bank has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Northeast Bank has a good Appreciation Score of 83 and a very high Power Rating of 87, producing the Highest Value Trend Rating.
Recent Price Action
Northeast Bank (NASDAQ: NBN) stock closed at $54.70 on 3/26/24 after a slight gain of 0.2%. Moreover, trading volume in this advance was exceptionally high at 213% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 7.2% during the last week.
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