Northeast Indiana Bancorp (OTCMKTS:NIDB) Trading Up 2.4% – Time to Buy?

Posted by ABMN Staff on Nov 23rd, 2024

Northeast Indiana Bancorp, Inc. (OTCMKTS:NIDB – Get Free Report) shares shot up 2.4% during trading on Friday . The stock traded as high as $18.35 and last traded at $17.92. 234 shares were traded during mid-day trading, a decline of 90% from the average session volume of 2,323 shares. The stock had previously closed at $17.50.

Northeast Indiana Bancorp Trading Up 2.4 %

The stock has a market cap of $43.07 million, a PE ratio of 10.54 and a beta of 0.39. The business has a 50-day moving average price of $17.32 and a 200-day moving average price of $15.90.

Northeast Indiana Bancorp (OTCMKTS:NIDB – Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.43 earnings per share (EPS) for the quarter. The business had revenue of $4.81 million for the quarter.

Northeast Indiana Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a dividend of $0.18 per share. This is a boost from Northeast Indiana Bancorp’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 4.02%. The ex-dividend date was Thursday, November 7th. Northeast Indiana Bancorp’s dividend payout ratio (DPR) is presently 42.35%.

Northeast Indiana Bancorp Company Profile

(Get Free Report)

Northeast Indiana Bancorp, Inc operates as the bank holding company for First Federal Savings Bank that provides various banking and financial advisory services. The company offers checking accounts, savings accounts, retirement accounts, health savings accounts, and direct deposits, as well as certificates of deposit.