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Bank of New York Mellon Invests $4.75 Million in Northeast Bancorp

Northeast Bank logoNortheast Bank
Sig1.85Sen+2.65Env0.00Soc0.00Gov0.00

Bank of New York Mellon Corp bought a new stake in Northeast Bancorp in the second quarter, as shown in its SEC Form 13F filing. The lender also reported $4.05 EPS for the quarter, above analysts’ $3.40 consensus, and announced a quarterly dividend paid Aug. 24. Analysts maintained or raised bullish outlooks, including a higher price objective from Piper Sandler.

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