Northeast Indiana Bancorp (OTCMKTS:NIDB) Shares Down 1.2% – Here’s Why

Shares of Northeast Indiana Bancorp, Inc. (OTCMKTS:NIDB) were down 1.2% on Thursday . The company traded as low as $17.52 and last traded at $17.52. Approximately 300 shares changed hands during trading, a decline of 78% from the average daily volume of 1,382 shares. The stock had previously closed at $17.74.

Northeast Indiana Bancorp Price Performance

The firm has a 50 day moving average price of $17.67 and a 200-day moving average price of $17.64. The firm has a market cap of $42.02 million, a price-to-earnings ratio of 9.73 and a beta of 0.42.

Northeast Indiana Bancorp (OTCMKTS:NIDB) last issued its earnings results on Tuesday, January 28th. The company reported $0.41 earnings per share (EPS) for the quarter.

Northeast Indiana Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.11%. Northeast Indiana Bancorp’s dividend payout ratio (DPR) is presently 40.00%.

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.