First Niles Financial (OTCMKTS:FNFI) Stock Price Up 8.5% – What’s Next?

Shares of First Niles Financial Inc. (OTCMKTS:FNFI) shot up 8.5% during trading on Friday. The company traded as high as $10.00 and last traded at $10.00. 700 shares changed hands during trading, a decline of 90% from the average session volume of 6,761 shares. The stock had previously closed at $9.22.

First Niles Financial Stock Up 8.5%

The stock has a market capitalization of $15.40 million, a price-to-earnings ratio of 15.87 and a beta of 0.31. The company’s fifty day simple moving average is $9.13 and its 200 day simple moving average is $8.34.

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

About First Niles Financial

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

Home Federal offers deposit products such as checking and savings accounts, money market accounts, certificates of deposit and individual retirement accounts. Its lending activities include residential mortgages, home equity loans, commercial real estate and business loans, construction financing and consumer loans.

The company primarily serves communities in northeastern Ohio, including the Niles, Warren and surrounding Mahoning and Trumbull County areas.