Northeast Indiana Bancorp (OTCMKTS:NIDB) Shares Down 1.5% – Should You Sell?

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

Northeast Indiana Bancorp Price Performance

The company has a market capitalization of $43.44 million, a P/E ratio of 10.65 and a beta of 0.38. The company has a 50 day moving average of $17.86 and a 200-day moving average of $16.42.

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

Northeast Indiana Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.98%. 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. Northeast Indiana Bancorp’s payout ratio 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.