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

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

Northeast Indiana Bancorp Stock Performance

The company’s fifty day simple moving average is $17.90 and its two-hundred day simple moving average is $16.48. The company 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 announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.43 earnings per share 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 given 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 was Thursday, November 7th. This is an increase from Northeast Indiana Bancorp’s previous quarterly dividend of $0.17. Northeast Indiana Bancorp’s dividend payout ratio is currently 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.