Northeast Indiana Bancorp (OTCMKTS:NIDB) Shares Down 1.5% – Time to Sell?

Posted by ABMN Staff on Dec 19th, 2024

Northeast Indiana Bancorp, Inc. (OTCMKTS:NIDB – Get Free Report)’s share price dropped 1.5% during trading on Wednesday . The company traded as low as $18.10 and last traded at $18.10. Approximately 273 shares changed hands during trading, a decline of 63% from the average daily volume of 743 shares. The stock had previously closed at $18.38.

Northeast Indiana Bancorp Stock Down 1.5 %

The company has a market cap of $43.44 million, a P/E ratio of 10.65 and a beta of 0.38. The business has a fifty day simple moving average of $17.86 and a two-hundred day simple moving average of $16.42.

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

Northeast Indiana Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were given a $0.18 dividend. The ex-dividend date was Thursday, November 7th. This is an increase from Northeast Indiana Bancorp’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 3.98%. Northeast Indiana Bancorp’s dividend payout ratio (DPR) is presently 42.35%.

About Northeast Indiana Bancorp

(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.