First Niles Financial (OTCMKTS:FNFI) Stock Price Up 8.5% – Here’s What Happened

First Niles Financial Inc. (OTCMKTS:FNFI)’s share price shot up 8.5% on Friday. The stock traded as high as $10.00 and last traded at $10.00. 700 shares changed hands during trading, a decline of 90% from the average daily volume of 6,761 shares. The stock had previously closed at $9.22.

First Niles Financial Trading Up 8.5%

The firm’s 50 day moving average price is $9.13 and its two-hundred day moving average price is $8.34. The company has a market capitalization of $15.40 million, a price-to-earnings ratio of 15.87 and a beta of 0.31.

First Niles Financial (OTCMKTS:FNFI) last issued its earnings results on Friday, July 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $3.15 million during the quarter.

First Niles Financial Company Profile

First Niles Financial, Inc is a savings and loan holding company headquartered in Ohio. Through its subsidiary, Home Federal Savings and Loan Association of Niles, the company provides retail and commercial banking services to individuals, families and businesses.

Home Federal offers deposit products such as checking and savings accounts, money market accounts, certificates of deposit and individual retirement accounts. Its lending activities include residential mortgages, home equity loans, commercial real estate and business loans, construction financing and consumer loans.

The company primarily serves communities in northeastern Ohio, including the Niles, Warren and surrounding Mahoning and Trumbull County areas.