Northeast Indiana Bancorp (NIDB) AI Stock Analysis

• Market Cap: $48.25M
• Dividend Yield: 3.62%
• Average Volume (3M): 732.00
• Price to Earnings (P/E): 8.8
• Beta (1Y): -0.06
• Revenue Growth: 5.28%
• EPS Growth: 35.37%
• Country: US
• Employees: 58
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.76
• Shares Outstanding: 2,397,496
• 10 Day Avg. Volume: 292
• 30 Day Avg. Volume: 732
• PEG Ratio: 5.66
• Price to Book (P/B): 0.86
• Price to Sales (P/S): 2.40
• P/FCF Ratio: 7.42
• Enterprise Value/Market Cap: 1.79
• Enterprise Value/Revenue: 3.47
• Enterprise Value/Gross Profit: 4.88
• Enterprise Value/Ebitda: 16.14
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: $22.50 ▲(10.84% Upside)

Northeast Indiana Bancorp's overall stock score is driven by strong financial performance and a favorable valuation. The company's solid profitability and cash generation capabilities are complemented by an attractive P/E ratio and dividend yield. Technical indicators support a stable outlook, with the stock trading above key moving averages. The absence of earnings call data and corporate events does not detract from the positive assessment.

Positive Factors

Strong Cash Generation

NIDB's ability to generate strong cash flow supports its financial stability and provides flexibility for investment and debt management, ensuring long-term sustainability.

Solid Profitability

High profitability margins indicate effective cost control and pricing strategies, which can sustain earnings and support growth initiatives over time.

Stable Revenue Growth

Consistent revenue growth reflects a steady demand for NIDB's services, reinforcing its market position and supporting long-term business expansion.

Negative Factors

Increased Leverage

Higher leverage can increase financial risk, especially if interest rates rise, potentially impacting NIDB's ability to invest in growth or weather economic downturns.

Declining Operating Margins

Decreasing operating margins may indicate rising operational costs, which could erode profitability and limit the company's ability to reinvest in its business.

Negative Cash Flow from Investing

Sustained negative cash flow from investing activities could strain liquidity, affecting NIDB's ability to fund new projects or respond to financial challenges.

Northeast Indiana Bancorp Business Overview & Revenue Model

Company Description

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. The company also offers debit and credit cards, safe deposit boxes, online banking services, merchant services, and cash management services, as well as treasury management and merchant deposit capture services. In addition, it provides various financial services to individual and corporate clients, including brokerage accounts, retail funds, and wealth management products, as well as insurance products and retirement plans. As of January 28, 2022, the company operated five full-service offices in Huntington; 2 offices in Warsaw; and 2 offices in Fort Wayne, Indiana. Northeast Indiana Bancorp, Inc. was incorporated in 1995 and is headquartered in Huntington, Indiana.

How the Company Makes Money

Northeast Indiana Bancorp generates revenue primarily through interest income earned from loans and mortgages issued to customers, which is a significant portion of its earnings. Additionally, the company earns non-interest income from fees associated with account services, asset management, and various banking transactions. The bank's investment in securities also contributes to its revenue streams through interest and dividends. Furthermore, NIDB benefits from strategic partnerships with local businesses and community organizations that enhance its service offerings and customer base, thereby driving additional income through increased banking activity and customer loyalty.

Northeast Indiana Bancorp Financial Statement Overview

Summary

Northeast Indiana Bancorp demonstrates a solid financial standing with consistent profitability and strong cash generation. While the balance sheet reveals increased leverage, the company maintains a robust equity base. The overall trajectory is positive, but careful management of operational efficiency and debt levels will be crucial for sustained growth and stability.

Income Statement

Northeast Indiana Bancorp has shown a stable revenue base with a slight growth. The gross profit margin remains high, indicating efficient cost management. Net profit margin is solid, reflecting good profitability. However, EBIT and EBITDA margins show a declining trend over the past years, which could indicate increasing operational costs. Overall, the income statement reflects a strong performance with minor concerns over operating efficiency.

Balance Sheet

The company maintains a healthy equity ratio, indicating a strong capital base. However, the debt-to-equity ratio has increased over the years, suggesting increased leverage. Return on equity is moderate, showing decent returns on shareholder investments. Overall, the balance sheet is stable but shows increased reliance on debt funding, which could pose risks if interest rates rise or earnings falter.

Cash Flow

Positive free cash flow growth and a healthy operating cash flow to net income ratio highlight strong cash generation capabilities. The free cash flow to net income ratio is also favorable, indicating efficient cash utilization. However, cash flow from investing activities remains negative, which may impact liquidity if not managed properly. Overall, the cash flow statement indicates robust cash generation with some investment-related cash outflows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	24.83M	17.18M	27.29M	20.90M	21.00M	20.08M
Gross Profit	17.66M	17.18M	16.65M	18.65M	18.77M	16.46M
EBITDA	5.34M	5.65M	6.02M	9.31M	10.67M	8.50M
Net Income	4.69M	4.31M	4.26M	6.55M	7.30M	5.60M
Balance Sheet
Total Assets	556.84M	522.32M	498.68M	445.53M	417.66M	391.28M
Cash, Cash Equivalents and Short-Term Investments	90.00M	89.27M	86.79M	83.39M	104.64M	94.38M
Total Debt	47.00M	41.00M	47.25M	32.00M	23.00M	45.81M
Total Liabilities	506.44M	474.05M	452.26M	402.40M	368.96M	345.73M
Stockholders Equity	50.40M	48.28M	46.42M	43.13M	48.69M	45.55M
Cash Flow
Free Cash Flow	0.00	5.57M	5.24M	6.45M	6.94M	5.79M
Operating Cash Flow	0.00	6.54M	6.17M	7.23M	9.00M	6.47M
Investing Cash Flow	0.00	-21.25M	-51.88M	-50.00M	-26.93M	-33.68M
Financing Cash Flow	0.00	19.45M	47.30M	30.88M	19.00M	30.70M

Northeast Indiana Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 20.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NIDB, the sentiment is Positive. The current price of 20.3 is above the 20-day moving average (MA) of 20.07, above the 50-day MA of 19.89, and above the 200-day MA of 18.23, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 61.76 is Neutral, neither overbought nor oversold. The STOCH value of 93.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NIDB.

Northeast Indiana Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HFBL	78 Outperform	$48.61M	10.75	8.21%	3.42%	0.32%	37.93%
NIDB	76 Outperform	$48.25M	8.75	9.61%	3.62%	5.28%	35.37%
OPHC	72 Outperform	$47.30M	3.13	15.03%	―	14.91%	0.81%
ASRV	68 Neutral	$51.05M	10.09	4.54%	3.88%	6.89%	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
TCBS	55 Neutral	$46.42M	18.73	4.74%	1.01%	12.12%	―