Ottawa Bancorp (OTTW) Issues Quarterly Earnings Results

Ottawa Bancorp (NASDAQ:OTTW) announced its earnings results on Tuesday. The financial services provider reported $0.14 earnings per share for the quarter, Bloomberg Earnings reports. Ottawa Bancorp had a net margin of 13.28% and a return on equity of 3.08%. The firm had revenue of $2.79 million for the quarter.

Shares of Ottawa Bancorp (NASDAQ OTTW) traded down 0.71% during midday trading on Wednesday, reaching $13.99. 7,897 shares of the company traded hands. Ottawa Bancorp has a 12 month low of $11.50 and a 12 month high of $14.99. The stock has a market capitalization of $45.89 million and a price-to-earnings ratio of 30.95. The company’s 50 day moving average is $14.05 and its 200-day moving average is $13.74.

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In other Ottawa Bancorp news, Director John M. Armstrong sold 1,897 shares of Ottawa Bancorp 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 transaction, the director now directly owns 5,238 shares of the company’s stock, valued at $71,603.46. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John M. Armstrong sold 2,871 shares of Ottawa Bancorp stock in a transaction that occurred on Thursday, September 7th. The shares were 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 in the company, 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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