First Niles Financial (OTCMKTS:FNFI) Shares Down 5.8% – Here’s What Happened

First Niles Financial Inc. (OTCMKTS:FNFI) shares dropped 5.8% during trading on Friday . The company traded as low as $8.95 and last traded at $8.95. Approximately 125 shares were traded during mid-day trading, a decline of 83% from the average session volume of 727 shares. The stock had previously closed at $9.50.

First Niles Financial Stock Down 5.8%

The company has a market capitalization of $13.77 million, a PE ratio of 14.21 and a beta of 0.30. The firm has a 50-day moving average of $8.54 and a two-hundred day moving average of $8.09.

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

Institutional Trading of First Niles Financial

A hedge fund recently bought a new stake in First Niles Financial stock. Public Employees Retirement System of Ohio acquired a new stake in First Niles Financial Inc. (OTCMKTS:FNFI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,529 shares of the company’s stock, valued at approximately $97,000. Public Employees Retirement System of Ohio owned 0.10% of First Niles Financial at the end of the most recent quarter.

First Niles Financial Company Profile

First Niles Financial, Inc operates as a holding company for the Home Federal Savings and Loan Association of Niles that provides various banking products and services in Ohio, the United States. The company offers personal and business checking and savings, money market deposit, and Christmas club accounts, as well as certificates of deposit. It also provides various loans, including mortgage and consumer loans, home equity lines of credit, and commercial loans and lines of credit. In addition, the company provides e-statement, and night depository services; debit and ATM cards; safe deposit boxes; direct deposits; I.R.A.