First Niles Financial (OTCMKTS:FNFI) Trading Down 5.8% – Here’s What Happened

First Niles Financial Inc. (OTCMKTS:FNFI) fell 5.8% during mid-day trading on Friday . The stock traded as low as $8.95 and last traded at $8.95. Approximately 125 shares traded hands during trading, a decline of 83% from the average daily volume of 727 shares. The stock had previously closed at $9.50.

First Niles Financial Price Performance

The firm has a market capitalization of $13.78 million, a price-to-earnings ratio of 14.21 and a beta of 0.30. The business’s fifty day simple moving average is $8.54 and its 200 day simple moving average is $8.09.

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

Institutional Trading of First Niles Financial

A hedge fund recently bought a new stake in First Niles Financial stock. Public Employees Retirement System of Ohio purchased a new position in shares of First Niles Financial Inc. (OTCMKTS:FNFI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,529 shares of the company’s stock, valued at approximately $97,000. Public Employees Retirement System of Ohio owned 0.10% of First Niles Financial as of its most recent filing with the SEC.

About First Niles Financial

First Niles Financial, Inc operates as a holding company for the Home Federal Savings and Loan Association of Niles that provides various banking products and services in Ohio, the United States. The company offers personal and business checking and savings, money market deposit, and Christmas club accounts, as well as certificates of deposit. It also provides various loans, including mortgage and consumer loans, home equity lines of credit, and commercial loans and lines of credit. In addition, the company provides e-statement, and night depository services; debit and ATM cards; safe deposit boxes; direct deposits; I.R.A.