Northeast Bank (NASDAQ: NBN) has recently enjoyed extremely important positive changes in investment behavior: the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Recent significant positive changes in fundamentals have benefitted Northeast Bank (NASDAQ: NBN): 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
NBN is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Northeast Bank has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Northeast Bank has a slightly positive Power Rating of 66 and a very high Appreciation Score of 86, leading to the Highest Value Trend Rating.
Recent Price Action
Northeast Bank (NASDAQ: NBN) stock closed at $60.86 on 6/28/24 after a very large increase of 6.2%. Moreover, trading volume in this advance was exceptionally high at 338% of normal. The stock has risen 8.0% during the last week and has been strong relative to the market over the last nine months.
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