Northeast Indiana Bancorp (OTCMKTS:NIDB) Trading Up 2.4% – Here’s What Happened

Northeast Indiana Bancorp, Inc. (OTCMKTS:NIDB) shares were up 2.4% during trading on Friday . The stock traded as high as $18.35 and last traded at $17.92. Approximately 234 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 2,323 shares. The stock had previously closed at $17.50.

Northeast Indiana Bancorp Trading Up 2.4 %

The stock has a market capitalization of $43.00 million, a price-to-earnings ratio of 10.54 and a beta of 0.39. The stock’s 50 day moving average is $17.33 and its two-hundred day moving average is $15.92.

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

Northeast Indiana Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors 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 4.02%. This is an increase from Northeast Indiana Bancorp’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, November 7th. 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.