First Niles Financial (OTCMKTS:FNFI) Trading Down 7.1% – Should You Sell?

First Niles Financial, Inc. (OTCMKTS:FNFI) shares were down 7.1% during mid-day trading on Friday . The company traded as low as $7.70 and last traded at $7.90. Approximately 3,708 shares traded hands during trading, an increase of 149% from the average daily volume of 1,488 shares. The stock had previously closed at $8.50.

First Niles Financial Stock Performance

The stock has a fifty day simple moving average of $8.35 and a 200-day simple moving average of $8.26.

First Niles Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, March 7th.

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.