First Niles Financial (OTCMKTS:FNFI) Shares Climb 1.1% – Still a Buy?

First Niles Financial Inc. (OTCMKTS:FNFI)’s stock price rose 1.1% during trading on Wednesday. The stock traded as high as $9.35 and last traded at $9.35. Approximately 550 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 906 shares. The stock had previously closed at $9.25.

First Niles Financial Stock Performance

The firm has a 50-day simple moving average of $8.98 and a two-hundred day simple moving average of $8.38. The company has a market capitalization of $14.39 million, a price-to-earnings ratio of 14.84 and a beta of 0.31.

First Niles Financial (OTCMKTS:FNFI) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $3.15 million during the quarter.

About First Niles Financial

First Niles Financial, Inc is a unitary savings and loan holding company headquartered in Niles, Ohio. Through its principal subsidiary, Home Federal Savings and Loan Association of Niles, the company provides community banking services to individuals, families and businesses in northeastern Ohio.

Home Federal’s activities generally include accepting deposits through savings, checking and money market accounts, certificates of deposit and individual retirement accounts. The institution also provides mortgage and other real estate loans, as well as consumer and commercial lending products.

The company has historically focused on serving local customers in and around the Mahoning Valley through its branch banking operations.