Ottawa Bancorp (OTTW) Issues Quarterly Earnings Results
Ottawa Bancorp (NASDAQ:OTTW) posted its earnings results on Tuesday. The financial services provider reported $0.14 EPS for the quarter, Bloomberg Earnings reports. The company had revenue of $2.79 million during the quarter. Ottawa Bancorp had a net margin of 13.28% and a return on equity of 3.08%.
Ottawa Bancorp (OTTW) traded down 0.85% during mid-day trading on Wednesday, reaching $13.97. 297 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $14.05 and a 200-day moving average price of $13.74. The stock has a market cap of $45.82 million and a P/E ratio of 30.91. Ottawa Bancorp has a 1-year low of $11.50 and a 1-year high of $14.99.
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In other news, Director John M. Armstrong sold 1,897 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $13.67, for a total transaction of $25,931.99. Following the completion of the transaction, the director now directly owns 5,238 shares of the company’s stock, valued at approximately $71,603.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John M. Armstrong sold 2,871 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $13.68, for a total transaction of $39,275.28. Following the transaction, the director now directly owns 5,238 shares of the company’s stock, valued at $71,655.84. The disclosure for this sale can be found here.
Ottawa Bancorp Company Profile
Ottawa Bancorp, Inc operates as the holding company for Ottawa Savings Bank that provides various financial services to individual and corporate customers in the United States. The company offers various deposit accounts, including checking, money market, regular savings, club savings, certificate, and various retirement accounts.
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