Northeast Indiana Bancorp (OTCMKTS:NIDB) Trading Down 2.4%

Northeast Indiana Bancorp, Inc. (OTCMKTS:NIDB) shares fell 2.4% during mid-day trading on Monday . The company traded as low as $20.50 and last traded at $20.50. 110 shares were traded during mid-day trading, a decline of 90% from the average session volume of 1,065 shares. The stock had previously closed at $21.00.

Northeast Indiana Bancorp Trading Down 2.4 %

The stock has a fifty day moving average price of $20.78 and a 200-day moving average price of $20.46. The firm has a market capitalization of $49.73 million, a price-to-earnings ratio of 7.51 and a beta of 0.38.

Northeast Indiana Bancorp (OTCMKTS:NIDB) last issued its earnings results on Friday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter. The company had revenue of $4.41 million during the quarter.

Northeast Indiana Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Friday, August 11th were given a dividend of $0.16 per share. The ex-dividend date was Thursday, August 10th. This is a positive change from Northeast Indiana Bancorp’s previous quarterly dividend of $0.12. This represents a $0.64 dividend on an annualized basis and a yield of 3.12%. Northeast Indiana Bancorp’s dividend payout ratio is 23.44%.

About Northeast Indiana Bancorp

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 various personal products, including checking accounts, savings accounts, retirement accounts, health savings accounts, and direct deposits, as well as certificates of deposit.