Northeast Indiana Bancorp (OTCMKTS:NIDB) Shares Down 3.6%

Northeast Indiana Bancorp, Inc. (OTCMKTS:NIDB) dropped 3.6% during mid-day trading on Monday . The company traded as low as $14.72 and last traded at $14.72. Approximately 1,206 shares traded hands during trading, a decline of 30% from the average daily volume of 1,732 shares. The stock had previously closed at $15.26.

Northeast Indiana Bancorp Price Performance

The company’s fifty day simple moving average is $14.22 and its 200-day simple moving average is $16.40. The firm has a market capitalization of $35.58 million, a PE ratio of 7.18 and a beta of 0.39.

Northeast Indiana Bancorp (OTCMKTS:NIDB) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.30 earnings per share for the quarter. The company had revenue of $4.32 million for the quarter.

Northeast Indiana Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $0.68 annualized dividend and a yield of 4.62%. Northeast Indiana Bancorp’s dividend payout ratio is presently 33.17%.

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.