Northeast Indiana Bancorp (OTCMKTS:NIDB) Shares Up 6.6% – Should You Buy?

Northeast Indiana Bancorp, Inc. (OTCMKTS:NIDB) shot up 6.6% during trading on Thursday . The stock traded as high as $18.49 and last traded at $18.49. 756 shares changed hands during trading, an increase of 1% from the average session volume of 752 shares. The stock had previously closed at $17.35.

Northeast Indiana Bancorp Price Performance

The firm’s 50 day moving average price is $17.93 and its two-hundred day moving average price is $17.01. The stock has a market cap of $44.38 million, a PE ratio of 10.88 and a beta of 0.39.

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

Northeast Indiana Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders 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 yield of 3.89%. The ex-dividend date was Thursday, November 7th. This is a positive change from Northeast Indiana Bancorp’s previous quarterly dividend of $0.17. Northeast Indiana Bancorp’s payout ratio is presently 42.35%.

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 checking accounts, savings accounts, retirement accounts, health savings accounts, and direct deposits, as well as certificates of deposit.