Alert: Positive Investment/Fundamental Signals (11/2/23)-Northeast Bank (NASDAQ: NBN)


Recent significant positive changes in fundamentals have benefitted Northeast Bank (NASDAQ: NBN): the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.

Northeast Bank (NASDAQ: NBN) has recently enjoyed meaningful positive changes in investment behavior: its shorter term price trend turned up.

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’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.

Northeast Bank has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Northeast Bank has a good Power Rating of 78 and a good Appreciation Score of 85, and the Highest Value Trend Rating results.

Recent Price Action

Northeast Bank (NASDAQ: NBN) stock closed at $49.09 on 11/2/23 after an increase of 1.9%. The stock has risen 4.3% during the last week and has been exceptionally strong relative to the market over the last nine months.

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