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

Shares of Northeast Indiana Bancorp, Inc. (OTCMKTS:NIDB) traded down 1.5% during mid-day trading on Wednesday . The company traded as low as $18.10 and last traded at $18.10. 273 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 743 shares. The stock had previously closed at $18.38.

Northeast Indiana Bancorp Stock Performance

The firm has a 50-day moving average of $17.90 and a 200 day moving average of $16.48. The stock has a market capitalization of $43.44 million, a price-to-earnings ratio of 10.65 and a beta of 0.38.

Northeast Indiana Bancorp (OTCMKTS:NIDB) last issued 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This is a boost from Northeast Indiana Bancorp’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 3.98%. Northeast Indiana Bancorp’s dividend payout ratio (DPR) is 42.35%.

Northeast Indiana Bancorp Company Profile

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.