Northeast Bancorp Announces Corporate Reorganization
Northeast Bank (NBN)
Last northeast bank earnings: 4/22 04:20 pm
Check Earnings Report
US:NASDAQ Investor Relations:
investor.northeastbank.com
Company Research
Source: GlobeNewswire
LEWISTON, Maine, Jan. 07, 2019 (GLOBE NEWSWIRE) -- Northeast Bancorp (“Northeast” or the “Company”) (NASDAQ: NBN), a Maine-based full-service financial services company and parent of Northeast Bank (the “Bank”), today entered into an Agreement and Plan of Merger (the “Plan of Merger”) with its wholly-owned bank subsidiary, Northeast Bank. Under the terms of the Plan of Merger, the Company will merge with and into the Bank (the “Reorganization”), with the Bank continuing as the surviving entity. If the proposed Reorganization is approved and effected, the bank holding company structure will be eliminated and the Bank will become the top-level company. “We decided to undertake this transaction because we believe that this Reorganization is in the best interest of our Company,” said Richard Wayne, President and Chief Executive Officer. “This transaction will further improve our efficiency by eliminating redundant corporate infrastructure and activities, and eliminating a second level
Show less
Read more
Impact Snapshot
Event Time:
NBN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NBN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NBN alerts
High impacting Northeast Bank news events
Weekly update
A roundup of the hottest topics
NBN
News
- Northeast Bancorp (NASDAQ:NBN) had its "buy (b)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Northeast Bancorp (NASDAQ:NBN) had its "buy (b-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Northeast Bancorp (NASDAQ:NBN) had its "buy (b-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Northeast Bancorp (NASDAQ:NBN) had its price target lowered by analysts at Keefe, Bruyette & Woods from $107.00 to $102.00. They now have a "market perform" rating on the stock.MarketBeat
- Northeast Bank Reports First Quarter Results and Declares DividendGlobeNewswire