Professional
Added to YB: 2025-05-21
Pitch date: 2025-05-19
NBN [neutral]
Northeast Bank
+18.12%
current return
Author Info
No bio for this author
Company Info
Northeast Bank provides various banking services to individual and corporate customers in Maine. The company’s deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and checking accounts.
Market Cap
$730.9M
Pitch Price
$84.79
Price Target
N/A
Dividend
0.05%
EV/EBITDA
N/A
P/E
8.03
EV/Sales
N/A
Sector
Banks
Category
value
Hinde Group Portfolio Holding: Northeast Bank
NBN (holding update): Maine-chartered bank led by Rick Wayne has $4.2B assets, $468M equity. 50% avg LTV on loan portfolio; neutral interest rate sensitivity. SBA loans only 2.5% of portfolio at 81% LTV. $194.6M ($23/share) discount on purchased loans. Mgmt proven at capitalizing on economic disruption, mitigating trade war risks.
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