Insider Buying: Ottawa Bancorp, Inc. (OTTW) Director Acquires $19,642.00 in Stock
Ottawa Bancorp, Inc. (OTCBB:OTTW) Director Thomas Michael Adler purchased 1,400 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average price of $14.03 per share, for a total transaction of $19,642.00. Following the completion of the transaction, the director now directly owns 2,576 shares in the company, valued at $36,141.28. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Ottawa Bancorp, Inc. (OTCBB:OTTW) opened at $13.50 on Monday. Ottawa Bancorp, Inc. has a 52-week low of $10.00 and a 52-week high of $13.98.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 29th will be given a $0.04 dividend. The ex-dividend date is Tuesday, November 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.19%.
A hedge fund recently raised its stake in Ottawa Bancorp stock. Maltese Capital Management LLC increased its holdings in shares of Ottawa Bancorp, Inc. (OTCBB:OTTW) by 13.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 269,685 shares of the company’s stock after purchasing an additional 31,900 shares during the quarter. Maltese Capital Management LLC owned 9.33% of Ottawa Bancorp worth $3,770,000 as of its most recent filing with the SEC.
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About Ottawa Bancorp
Ottawa Savings Bancorp, Inc is a savings and loan holding company. The Company serves as the holding company of Ottawa Savings Bank (The Bank). The Bank’s business is to attract deposits from the general public and use those funds to originate and purchase one- to four-family, multi-family and non-residential real estate, construction, commercial and consumer loans, which the Bank primarily holds for investment.
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