Northeast Bancorp (NASDAQ:NBN) owns Northeast Bank, which is a community bank headquartered in Maine. The bank has two income sources: traditional banking services and loan acquisition and servicing. Apart from the 10 bank branches (in Maine, New Hampshire and Massachusetts) and 5 loan production offices, the company also operates an online savings division called ableBanking. Even though the bank's share price is 50% lower than what it was in 2008, its market cap is 4 times higher what it was in 2008. Currently the company enjoys a market value of $101 million.
NBN Market Cap data by YCharts
Last year, the company offered 6.8 million new shares in addition to its existing 3.5 million shares at the time....
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|