Insider Selling: OTTAWA BANCORP (OTTW) Director Sells 2,871 Shares of Stock
OTTAWA BANCORP (NASDAQ:OTTW) 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of OTTAWA BANCORP (NASDAQ OTTW) traded down 0.36% during trading on Friday, hitting $13.75. 300 shares of the stock traded hands. The company has a 50-day moving average of $13.71 and a 200-day moving average of $13.58. The firm has a market cap of $45.72 million and a P/E ratio of 30.42. OTTAWA BANCORP has a 52 week low of $10.95 and a 52 week high of $14.00.
OTTAWA BANCORP (NASDAQ:OTTW) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.14 earnings per share for the quarter. OTTAWA BANCORP had a return on equity of 3.08% and a net margin of 13.28%. The company had revenue of $2.77 million for the quarter.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 30th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, August 28th.
An institutional investor recently bought a new position in OTTAWA BANCORP stock. Seidman Lawrence B bought a new position in shares of OTTAWA BANCORP (NASDAQ:OTTW) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 70,979 shares of the financial services provider’s stock, valued at approximately $977,000. OTTAWA BANCORP accounts for about 0.6% of Seidman Lawrence B’s investment portfolio, making the stock its 24th biggest position. Seidman Lawrence B owned 2.17% of OTTAWA BANCORP at the end of the most recent reporting period. Institutional investors own 33.49% of the company’s stock.
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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