Professional
Added to YB: 2024-12-16
Pitch date: 2024-12-16
NBN [bullish]
Northeast Bank
+0.83%
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
$98.42
Price Target
145.00 (+46%)
Dividend
0.05%
EV/EBITDA
N/A
P/E
8.03
EV/Sales
N/A
Sector
Banks
Category
growth
Bonhoeffer Capital Management Portfolio Holding: Northeast Bank
NBN: Specialty bank w/ 40% 10yr EPS CAGR. Buys orphan loans, originates SBA loans. 8.9% loan yield, 4.9% NIM, 41% efficiency ratio. 15% insider ownership. 20% projected EPS growth. $145 PT (45% upside), potential $373 in 5yrs (30% IRR). Risks: M&A slowdown, efficiency decline.
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