BUZZ-Northeast Bank jumps after loan portfolio purchase
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Northeast Bank's shares surged 10.5% to $111.30 after announcing the purchase of commercial real estate loans worth $525 million. The transaction is expected to close late this quarter with minimal impact on Q2 2026 earnings. CEO Rick Wayne highlighted the significant volume of loan purchases. One brokerage rates the stock as 'buy' and another as 'hold', with a median price target of $117.50. NBN stock has risen 9.8% year-to-date.
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