Rafferty Asset Management Boosts Northeast Bancorp Stake

Investment firm increases holdings in Maine-based bank by over 137%

Published on Mar. 6, 2026

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Rafferty Asset Management LLC, an investment management firm, has increased its position in Northeast Bancorp (NASDAQ:NBN), a Maine-based financial services provider, by 137.3% in the third quarter. The firm now owns 16,173 shares of Northeast Bancorp's stock, up from 6,814 shares previously.

Why it matters

This move by Rafferty Asset Management suggests the firm sees growth potential in Northeast Bancorp, which operates a network of branches across central and southern Maine. The increased stake could signal the investment firm's confidence in the bank's performance and future prospects.

The details

According to a recent SEC filing, Rafferty Asset Management acquired an additional 9,359 shares of Northeast Bancorp during the third quarter, bringing its total holdings to 16,173 shares. This represents about 0.20% of the bank's outstanding stock. The investment firm cited the financial services provider's strong fundamentals and growth opportunities as reasons for increasing its position.

  • Rafferty Asset Management increased its Northeast Bancorp stake in the 3rd quarter of 2026.

The players

Rafferty Asset Management LLC

An investment management firm that has increased its position in Northeast Bancorp.

Northeast Bancorp

A Maine-based financial services provider that operates a network of branches across central and southern Maine.

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The takeaway

Rafferty Asset Management's increased stake in Northeast Bancorp suggests the investment firm sees strong growth potential in the Maine-based bank. This move could signal confidence in the company's performance and future prospects within the regional financial services market.