Northeast Indiana Bancorp (OTCMKTS:NIDB) Stock Jumps 1.5% – Time to Buy?

Northeast Indiana Bancorp Inc. (OTCMKTS:NIDB)’s share price was up 1.5% on Tuesday. The company traded as high as $24.56 and last traded at $24.56. Approximately 800 shares changed hands during trading, The stock had previously closed at $24.20.

Northeast Indiana Bancorp Trading Up 0.9%

The company has a 50-day moving average price of $24.19 and a two-hundred day moving average price of $23.30. The stock has a market capitalization of $58.14 million, a P/E ratio of 8.27 and a beta of 0.16.

Northeast Indiana Bancorp (OTCMKTS:NIDB) last announced its earnings results on Wednesday, October 28th. The company reported $0.85 EPS for the quarter. The business had revenue of $5.82 million for the quarter.

Northeast Indiana Bancorp Company Profile

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

First Federal Savings Bank offers deposit products, residential mortgage loans, consumer lending, commercial and agricultural loans, and financing for residential and commercial real estate. The bank also provides business banking services and other financial products through its branch network and digital banking channels.

Founded in 1890, First Federal Savings Bank has a long history of serving communities in Huntington and surrounding areas, including parts of Allen, Wabash, and Wells counties.