Northeast Indiana Bancorp (OTCMKTS:NIDB) Shares Climb 0.6% – Should You Buy?

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

Northeast Indiana Bancorp Stock Performance

The firm’s fifty day moving average price is $24.14 and its 200 day moving average price is $23.62. The firm has a market cap of $56.75 million, a P/E ratio of 8.08 and a beta of 0.18.

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

About Northeast Indiana Bancorp

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.