Northeast Indiana Bancorp (OTCMKTS:NIDB) Stock Price Up 0.6% – Still a Buy?

Shares of Northeast Indiana Bancorp Inc. (OTCMKTS:NIDB) shot up 0.6% during mid-day trading on Thursday. The stock traded as high as $24.2688 and last traded at $24.15. 1,400 shares traded hands during trading, an increase of 128% from the average session volume of 615 shares. The stock had previously closed at $24.01.

Northeast Indiana Bancorp Price Performance

The company has a market cap of $56.75 million, a price-to-earnings ratio of 8.08 and a beta of 0.18. The firm has a 50-day moving average price of $24.14 and a 200 day moving average price of $23.62.

Northeast Indiana Bancorp (OTCMKTS:NIDB) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.80 EPS for the quarter. The firm had revenue of $5.71 million during the quarter.

Northeast Indiana Bancorp Company Profile

Northeast Indiana Bancorp, Inc is a bank holding company headquartered in Huntington, Indiana. Through its principal subsidiary, First Federal Savings Bank, the company provides financial services to individuals, families, businesses, and organizations.

First Federal Savings Bank offers deposit products such as checking, savings, money market, and certificate accounts, as well as residential mortgage, commercial real estate, construction, consumer, and business loans. Its services also include online and mobile banking, cash-management solutions, and other digital banking tools.

The company primarily serves communities in northeastern Indiana, including the Huntington, Wabash, and Fort Wayne areas, through branch locations and electronic banking channels.