Professional
Added to YB: 2024-02-15
Pitch date: 2024-02-14
NBN [bullish]
Northeast Bank
+86.21%
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
$53.29
Price Target
N/A
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: Loan originator/purchaser, 30% originated 70% from FDIC. CEO Richard Wayne's track record: 22% annual return at Capital Crossing '97-'07. Q1 RoE 20%, loan book +24%, deposits +15%, raised $50M. 47% LTV, 0.6% NPAs, 1% reserves. 5.3% NIM, 41% efficiency, 20% RoE. 8.1x '23 earnings. Management holds 9%+ shares + bonuses.
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