Northeast Indiana Bancorp, Inc. (OTCMKTS:NIDB) Sees Large Growth in Short Interest

Northeast Indiana Bancorp, Inc. (OTCMKTS:NIDB) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 600 shares, a growth of 500.0% from the February 29th total of 100 shares. Based on an average trading volume of 2,900 shares, the days-to-cover ratio is presently 0.2 days.

Northeast Indiana Bancorp Trading Down 4.8 %

Northeast Indiana Bancorp stock traded down $0.85 during mid-day trading on Thursday, hitting $17.00. The company had a trading volume of 291 shares, compared to its average volume of 1,424. The stock’s 50 day moving average price is $17.91 and its two-hundred day moving average price is $18.49. Northeast Indiana Bancorp has a 12 month low of $16.40 and a 12 month high of $22.25. The company has a market capitalization of $41.31 million, a PE ratio of 7.61 and a beta of 0.36.

Northeast Indiana Bancorp (OTCMKTS:NIDB) last released its earnings results on Tuesday, January 23rd. The company reported $0.31 EPS for the quarter. The company had revenue of $4.49 million during the quarter.

Northeast Indiana Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend was Wednesday, February 7th. Northeast Indiana Bancorp’s dividend payout ratio is 30.43%.

Northeast Indiana Bancorp Company Profile

Northeast Indiana Bancorp, Inc operates as the bank holding company for First Federal Savings Bank that provides various banking and financial advisory services. The company offers various personal products, including checking accounts, savings accounts, retirement accounts, health savings accounts, and direct deposits, as well as certificates of deposit.