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What smart money is saying about Northeast BankUnited States flag

NBN · Financial Services · Banks - Regional · Market cap $880M

1 fund in our archive has pitched Northeast Bank — most recently Hinde Group in March 2025.

Company profile

Northeast Bank provides 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 individual retirement accounts, as well as checking accounts. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, such as term loans, lines of credit and equipment, and receivables financing; consumer loans comprising mobile home and overdraft, and deposit-secured loans; and small business administration loans. In addition, the company offers telephone banking, online banking and bill payment, mobile banking, cash management, and remote deposit capture services, as well as debit and credit card, ATM, electronic transfer, and check services. It operates a network of nine branches in Western, Central, and Southern Maine. Northeast Bank was founded in 1872 and is headquartered in Portland, Maine.

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1
Reported positions
0
Bought
0
Sold
2
Letters

Position history

Between Q1 2025 and Q1 2026, 1 fund letter reported a position in Northeast Bank, with no move described.

Fund letters reporting a position in Northeast Bank, by quarter
QuarterLettersBoughtSoldTheses
Q1 20261000
Q1 20250001

Fund activity · 1 position

  • Holds1578 Partners, LP
    March 2026
    Our positions in Interactive Brokers Group, Inc. class A common stock (NASDAQ: IBKR), Northeast Bank voting common stock (NASDAQ: NBN), and Becton, Dickinson and Company common stock (NYSE: BDX) made notable positive contributions.
    Read the letterNortheast Bank

Fund coverage · 1 thesis

  • Hinde Group
    March 2025

    Northeast Bank is a well-positioned Maine bank with a conservative loan portfolio and an experienced management team, ready to navigate challenges from economic disruptions.

    Read the full thesis

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