LEWISTON — Northeast Bancorp, a Maine-based full-service financial services company and parent of Northeast Bank, recently announced it has been added to the broad-market Russell 3000 Index as a result of the Russell U.S. indexes annual reconstitution.
“We are pleased to become a member of the Russell 3000 Index,” said Richard Wayne, president and chief executive officer. “This is an important milestone for our company, reflective of the strong growth achieved over the past year. Our inclusion with other top stocks on Russell indexes will increase overall liquidity and investor awareness, promoting our story to a wider audience.”
The annual reconstitution of the Russell 3000 captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. The largest 1,000 companies in this ranking comprise the Russell 1000 and the next 2,000 companies become the Russell 2000.
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