First Niles Financial (OTCMKTS:FNFI) Trading Down 5.8% – Here’s Why

First Niles Financial Inc. (OTCMKTS:FNFI)’s share price traded down 5.8% on Friday . The stock traded as low as $8.95 and last traded at $8.95. 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 Trading Down 5.8%

The firm has a market capitalization of $13.78 million, a P/E ratio of 14.21 and a beta of 0.30. The company has a 50-day moving average of $8.54 and a 200-day moving average of $8.09.

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

Hedge Funds Weigh In On First Niles Financial

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