Alert: Positive Investment/Fundamental Signals (12/4/23)-Northeast Bank (NASDAQ: NBN)


Northeast Bank (NASDAQ: NBN) has recently enjoyed extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.

Northeast Bank (NASDAQ: NBN) has recently enjoyed significant positive changes in fundamentals: 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’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 consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Northeast Bank has a good Appreciation Score of 84 and a very high Power Rating of 90, producing the Highest Value Trend Rating.

Recent Price Action

Northeast Bank (NASDAQ: NBN) stock rose modestly by 0.4% on 12/4/23. The stock closed at $53.51. This advance was accompanied by normal trading volume. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.3% during the last week.

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