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NIDB

Northeast Indiana Bancorp OTCPK:NIDB Stock Report

Last Price

US$44.40

Market Cap

US$53.5m

7D

-2.4%

1Y

-1.9%

Updated

19 Jun, 2022

Data

Company Financials
NIDB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends5/6

NIDB Stock Overview

Northeast Indiana Bancorp, Inc. operates as the bank holding company for First Federal Savings Bank that provides various banking and financial advisory services.

Northeast Indiana Bancorp Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Northeast Indiana Bancorp
Historical stock prices
Current Share PriceUS$44.40
52 Week HighUS$47.99
52 Week LowUS$41.00
Beta0.40
1 Month Change-0.22%
3 Month Change-3.58%
1 Year Change-1.88%
3 Year Change21.64%
5 Year Change34.34%
Change since IPO367.17%

Recent News & Updates

Shareholder Returns

NIDBUS MortgageUS Market
7D-2.4%-9.1%-5.9%
1Y-1.9%-40.6%-21.1%

Return vs Industry: NIDB exceeded the US Mortgage industry which returned -41.3% over the past year.

Return vs Market: NIDB exceeded the US Market which returned -20.8% over the past year.

Price Volatility

Is NIDB's price volatile compared to industry and market?
NIDB volatility
NIDB Average Weekly Movementn/a
Mortgage Industry Average Movement3.7%
Market Average Movement7.9%
10% most volatile stocks in US Market16.5%
10% least volatile stocks in US Market3.0%

Stable Share Price: Insufficient data to determine NIDB's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine NIDB's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1995n/aMike Zahnhttps://nidb.q4ir.com

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. Its loan portfolio comprises mortgage loans, such as home purchases, refinances, new construction loans, and home equity/home improvement loans; installment loans consisting of auto loans, personal loans, short term notes, and savings account loans, as well as RV, ATV, and boat loans; and commercial loans, including lines of credit, letters of credit, equipment financing, and construction loans, as well as revolving line of credit, term loans, real estate loans, and small business administration loans.

Northeast Indiana Bancorp Fundamentals Summary

How do Northeast Indiana Bancorp's earnings and revenue compare to its market cap?
NIDB fundamental statistics
Market CapUS$53.51m
Earnings (TTM)US$7.24m
Revenue (TTM)US$18.91m

7.4x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NIDB income statement (TTM)
RevenueUS$18.91m
Cost of RevenueUS$0
Gross ProfitUS$18.91m
Other ExpensesUS$11.68m
EarningsUS$7.24m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)6.00
Gross Margin100.00%
Net Profit Margin38.26%
Debt/Equity Ratio76.1%

How did NIDB perform over the long term?

See historical performance and comparison

Dividends

5.5%

Current Dividend Yield

19%

Payout Ratio

Valuation

Is Northeast Indiana Bancorp undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


41.5%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: NIDB ($44.4) is trading below our estimate of fair value ($75.9)

Significantly Below Fair Value: NIDB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NIDB is good value based on its Price-To-Earnings Ratio (7.4x) compared to the US Mortgage industry average (11.4x).

PE vs Market: NIDB is good value based on its Price-To-Earnings Ratio (7.4x) compared to the US market (14.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NIDB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NIDB is overvalued based on its Price-To-Book Ratio (1.1x) compared to the US Mortgage industry average (0.9x).


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Future Growth

How is Northeast Indiana Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.0%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Northeast Indiana Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether Northeast Indiana Bancorp is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Northeast Indiana Bancorp's filings and announcements here.

Past Performance

How has Northeast Indiana Bancorp performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


15.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NIDB has high quality earnings.

Growing Profit Margin: NIDB's current net profit margins (38.3%) are higher than last year (34.5%).


Past Earnings Growth Analysis

Earnings Trend: NIDB's earnings have grown by 15% per year over the past 5 years.

Accelerating Growth: NIDB's earnings growth over the past year (37.3%) exceeds its 5-year average (15% per year).

Earnings vs Industry: NIDB earnings growth over the past year (37.3%) exceeded the Mortgage industry 7.1%.


Return on Equity

High ROE: NIDB's Return on Equity (14.6%) is considered low.


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Financial Health

How is Northeast Indiana Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: NIDB's Assets to Equity ratio (8.4x) is low.

Allowance for Bad Loans: NIDB has a sufficient allowance for bad loans (142%).

Low Risk Liabilities: 89% of NIDB's liabilities are made up of primarily low risk sources of funding.

Loan Level: NIDB has an appropriate level of Loans to Assets ratio (67%).

Low Risk Deposits: NIDB's Loans to Deposits ratio (85%) is appropriate.

Level of Bad Loans: NIDB has an appropriate level of bad loans (1%).


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Dividend

What is Northeast Indiana Bancorp current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.52%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: NIDB's dividend (5.52%) is higher than the bottom 25% of dividend payers in the US market (1.64%).

High Dividend: NIDB's dividend (5.52%) is in the top 25% of dividend payers in the US market (4.35%)


Stability and Growth of Payments

Stable Dividend: NIDB's dividends per share have been stable in the past 10 years.

Growing Dividend: NIDB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (18.6%), NIDB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

Mike Zahn (52 yo)

11.42yrs

Tenure

Mr. Michael S. Zahn, also known as Mike, is President and CEO at First Federal Savings Bank. He began his career with First Federal Savings Bank in 1996. He became a Senior Vice President and was elected t...


Leadership Team

Experienced Management: NIDB's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: NIDB's board of directors are seasoned and experienced ( 20.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Northeast Indiana Bancorp, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Northeast Indiana Bancorp, Inc.
  • Ticker: NIDB
  • Exchange: OTCPK
  • Founded: 1995
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Implied Market Cap: US$53.508m
  • Shares outstanding: 1.21m
  • Website: https://nidb.q4ir.com

Location

  • Northeast Indiana Bancorp, Inc.
  • 648 North Jefferson Street
  • Huntington
  • Indiana
  • 46750
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/19 00:00
End of Day Share Price2022/06/17 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.