Northeast Indiana Bancorp (OTCMKTS:NIDB) Stock Price Up 2.4% – Should You Buy?

Northeast Indiana Bancorp, Inc. (OTCMKTS:NIDB) shares traded up 2.4% on Friday . The company traded as high as $18.35 and last traded at $17.92. 234 shares were traded during 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 Price Performance

The stock has a market cap of $43.07 million, a P/E ratio of 10.54 and a beta of 0.39. The stock’s 50-day moving average is $17.32 and its two-hundred day moving average is $15.90.

Northeast Indiana Bancorp (OTCMKTS:NIDB) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.43 earnings per share (EPS) for the quarter. The firm had revenue of $4.81 million during the quarter.

Northeast Indiana Bancorp Increases Dividend

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