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Lewiston Today
By the People, for the People
Northeast Bancorp Shares Sold by Royce & Associates LP
Institutional investor reduces stake in financial services provider
Published on Mar. 4, 2026
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Royce & Associates LP, an institutional investor, decreased its holdings in shares of Northeast Bancorp (NASDAQ:NBN) by 22.4% during the 3rd quarter, according to a recent 13F filing with the Securities and Exchange Commission. The investor now owns approximately 96,962 shares of the financial services provider's stock, valued at $9.7 million.
Why it matters
This transaction highlights the shifting investment strategies of major institutional investors in the financial services sector. Royce & Associates' decision to reduce its stake in Northeast Bancorp may signal broader market trends or changes in the firm's investment thesis for the company.
The details
According to the 13F filing, Royce & Associates sold 27,969 shares of Northeast Bancorp during the 3rd quarter. The institutional investor now owns about 1.18% of the company's outstanding shares. Several other large investors have also recently adjusted their positions in NBN, with American Century Companies Inc. and Rafferty Asset Management LLC among those increasing their stakes.
- The 13F filing covers the 3rd quarter of the year.
The players
Royce & Associates LP
An institutional investment firm that decreased its holdings in Northeast Bancorp during the 3rd quarter.
Northeast Bancorp
A Maine-based bank holding company and the parent of Northeast Bank, a state-chartered commercial bank headquartered in Lewiston, Maine.
The takeaway
This transaction reflects the ongoing shifts in institutional investment strategies within the financial services sector. Investors will likely continue to monitor Northeast Bancorp's performance and any further changes in major shareholders' positions.
