Recent extremely meaningful positive changes in investment behavior have benefitted Northeast Bank (NASDAQ: NBN): the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Meaningful positive changes in fundamentals have recently occurred for 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). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Northeast Bank has a slightly positive Power Rating of 61 and a very high Appreciation Score of 86, producing the Highest Value Trend Rating.
Recent Price Action
Northeast Bank (NASDAQ: NBN) stock closed at $65.96 on 7/15/24 after a large increase of 3.3%. Moreover, trading volume in this advance was exceptionally high at 207% of normal. The stock has risen 13.2% during the last week and has been strong relative to the market over the last nine months.
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