Ottawa Bancorp (OTCMKTS:OTTW) Stock Price Down 0.7% – Here’s Why

Shares of Ottawa Bancorp (OTCMKTS:OTTW) were down 0.7% during trading on Monday . The stock traded as low as $14.74 and last traded at $14.80. Approximately 9,100 shares traded hands during mid-day trading, an increase of 859% from the average daily volume of 949 shares. The stock had previously closed at $14.91.

Ottawa Bancorp Stock Down 0.7%

The business’s fifty day moving average price is $14.79 and its 200 day moving average price is $15.22. The company has a market capitalization of $33.89 million, a P/E ratio of 18.73 and a beta of 0.05. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.41.

Ottawa Bancorp (OTCMKTS:OTTW) last posted its earnings results on Monday, November 3rd. The company reported $0.18 earnings per share for the quarter. The business had revenue of $2.88 million for the quarter. Ottawa Bancorp had a net margin of 10.21% and a return on equity of 4.70%.

About Ottawa Bancorp

Ottawa Bancorp, Inc (OTCMKTS:OTTW) is the bank holding company of Ottawa Savings Bank, a community-focused financial institution headquartered in Ottawa, Ohio. Operating under a mutual holding company structure, Ottawa Bancorp emphasizes personalized service, local decision-making and reinvestment in the communities it serves.

Through Ottawa Savings Bank, the company provides a broad range of retail and commercial banking products, including checking and savings accounts, certificates of deposit, consumer lines of credit and residential mortgage loans.