Northeast Indiana Bancorp (OTCMKTS:NIDB) Trading 6.6% Higher – Here’s Why

Posted by James Nelson on Jan 17th, 2025

Northeast Indiana Bancorp, Inc. (OTCMKTS:NIDB – Get Free Report) shares rose 6.6% on Thursday . The company traded as high as $18.49 and last traded at $18.49. Approximately 756 shares were traded during trading, an increase of 1% from the average daily volume of 752 shares. The stock had previously closed at $17.35.

Northeast Indiana Bancorp Trading Up 6.6 %

The stock has a market cap of $44.38 million, a P/E ratio of 10.88 and a beta of 0.39. The company’s fifty day simple moving average is $17.92 and its 200-day simple moving average is $16.98.

Northeast Indiana Bancorp (OTCMKTS:NIDB – Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $0.43 earnings per share for the quarter. The business had revenue of $4.81 million during the quarter.

Northeast Indiana Bancorp Increases Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 3.89%. 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 (DPR) is 42.35%.

Northeast Indiana Bancorp Company Profile

(Get Free Report)

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.