Northeast Indiana Bancorp Inc (NIDB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Northeast Indiana Bancorp Inc stock $22.20, price $24.62, that is 9.8% below the price, quality 56 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $8.02 – $25.00 · fair‑value band $20.12 – $26.30 · the $24.62 price screens above the $22.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Northeast Indiana Bancorp, Inc. operates as the bank holding company for First Federal Savings Bank, which provides various banking and financial advisory services in the United States.
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The company offers personal services, including checking accounts, direct deposit, debit cards, savings accounts, CDs, retirement accounts, health savings, and moola kids accounts. It also offers business services, such as checking accounts, debit cards, merchant services, and cash management.
In addition, the company offers mortgage, refinance, new construction, and home equity loans; personal loans, such as auto, recreational vehicles, and unsecured loans; business loans comprising revolving lines of credit, term loans, real estate loans, letter of credit, and small business administration loans; and treasury management, deposit products, and merchant deposit capture.
The company was founded in 1912 and is headquartered in Huntington, Indiana.
Stock analysis
Northeast Indiana Bancorp Inc (NIDB) currently trades at $24.62, while our model-based Fair Value estimate is $22.20, 10% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $33.60 per share, and 2 of the 6 models we run sit above the $24.62 price.
Bear case: the Dividend Discount group reads lowest at $7.89, and 4 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $20.12 (bear) to $26.30 (bull), the price of $24.62 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Northeast Indiana Bancorp Inc reported revenue of $20.8M in FY2025 versus $18.8M in FY2021, a compound +2.6%/yr. Reported net income was $6.3M in FY2025, compounding −3.7%/yr from FY2021.
Key figures
Market cap $58.3M Micro · P/E ratio 8.2 · P/S ratio 2.69 · EPS (TTM) $2.99 · Dividend yield 1.5% · Net margin 32.4% · Return on equity 13.1% · Return on assets (EBIT) 1.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −10%, NIDB screens cheaper than that median.
Fair Value models
Bear$20.12Fair Value $22.20Bull$26.30
Price $24.62 · Downside -9.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($2.25 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+11.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.2%
Start year 2020 (pandemic). Over 10 years: +4.8% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−9.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.6%
Dividend (yield on the price)1.5%
⚠ Revenue per share shrinking 6.3%/yr over ~6Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Northeast Indiana Bancorp Inc with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 996 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−9.8% · Above median
Profitability
Return on equity (12 months)13.1% · Above median
Return on assets1.1% · Above median
Net margin (12 months)32.4% · Above median
Operating margin (12 months)42.6% · Above median
Growth and dividend
Revenue growth (quarter YoY)11.8% · Above median
Dividend yield (12 months)1.5% · Bottom 25%
Balance sheet
Debt / equity0.81× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)8.2× · Cheapest 25%
P/B1.06× · Cheaper than median
P/S (12 months)2.69× · Cheaper than median
Price / free cash flow (fiscal year)9.4× · Cheaper than median
PEG2.89× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)20· sector 8
FUTURE (revenue growth)59· sector 47
PAST (return on equity)53· sector 43
HEALTH (low debt)–
DIVIDEND (yield)30· sector 53
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Northeast Indiana Bancorp Inc (NIDB) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $22.20 versus a price of $24.62, about 10% lower (overvalued).
What is the fair value of NIDB?
Our model-based fair value for Northeast Indiana Bancorp Inc is $22.20 (as of Nov 7, 2026), built from audited fundamentals. The current price: $24.62.
What is the quality score of NIDB?
Northeast Indiana Bancorp Inc has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Northeast Indiana Bancorp Inc (NIDB)?
Our model-based price target is the fair value of $22.20 (as of Nov 7, 2026) from 6 valuation models. Cautious scenario $20.12, optimistic scenario $26.30. It is a calculation from audited fundamentals, not an analyst target.
What is the Northeast Indiana Bancorp Inc stock forecast for 2026?
Our models put fair value at $22.20, about 10% lower versus a price of $24.62 (overvalued). Cautious scenario $20.12, optimistic scenario $26.30. The calculation is refreshed regularly with new filings.
What is the revenue of Northeast Indiana Bancorp Inc (NIDB)?
Northeast Indiana Bancorp Inc reported trailing-twelve-month revenue of about $21.7M (latest available figure, as of Nov 7, 2026).
Does Northeast Indiana Bancorp Inc pay a dividend?
Northeast Indiana Bancorp Inc currently shows a dividend yield of 1.50% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Northeast Indiana Bancorp Inc (NIDB) and when is the ex-dividend date?
Northeast Indiana Bancorp Inc pays a dividend of $0.37 per share a year, a dividend yield of 1.5%. The last ex-dividend date was Aug 13, 2026. A dividend has been paid every year since at least 1995. The payout ratio is 12.4% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of Northeast Indiana Bancorp Inc (NIDB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Northeast Indiana Bancorp Inc it is $22.20 per share (as of Nov 7, 2026), against a price of $24.62. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Northeast Indiana Bancorp Inc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, NIDB trades above its calculated fair value: price $24.62, fair value $22.20, a gap of about −10% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NIDB?
No. The price is what the market pays today ($24.62); the fair value is what the company's own numbers justify ($22.20). For Northeast Indiana Bancorp Inc the two are $2.42 per share apart. That gap is exactly why we show both numbers side by side.
How much is Northeast Indiana Bancorp Inc worth?
The market values Northeast Indiana Bancorp Inc at about $58.3M (market capitalisation, as of Nov 7, 2026). Per share that is $24.62; our models calculate a fair value of $22.20 per share.
What do the bullish and bearish scenarios say about NIDB?
Our models span a range for Northeast Indiana Bancorp Inc: cautious scenario $20.12, base $22.20, optimistic $26.30 per share (as of Nov 7, 2026, price $24.62). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NIDB?
Northeast Indiana Bancorp Inc trades at a price-to-earnings ratio of 8.2 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $22.20 is built from several models across several years. Other multiples: PEG 2.9, P/B 1.1, P/S 2.7.
What is the PEG ratio of NIDB?
The PEG ratio of Northeast Indiana Bancorp Inc is 2.89 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Northeast Indiana Bancorp Inc (NIDB)?
Balance-sheet figures for Northeast Indiana Bancorp Inc (as of Nov 7, 2026): return on equity 13.1%, debt of 0.81 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is NIDB from its 52-week high?
Northeast Indiana Bancorp Inc trades at $24.62, about 2% below its 52-week high of $25.00 and 28% above the low of $19.22 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $22.20 is for.
Which stocks are comparable to Northeast Indiana Bancorp Inc?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Northeast Indiana Bancorp Inc stock attractive at the current price?
The data as of Nov 7, 2026: price $24.62, calculated fair value $22.20 (−10%), Quality Score 56/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NIDB calculated?
We run Northeast Indiana Bancorp Inc through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $22.20 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Northeast Indiana Bancorp Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Northeast Indiana Bancorp Inc (NIDB)?
The closing price on Nov 6, 2026 was $24.62. Our model-based fair value is $22.20, about 10% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Northeast Indiana Bancorp Inc right now?
For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Northeast Indiana Bancorp Inc
How large is the market capitalisation of Northeast Indiana Bancorp Inc (NIDB)?
The market capitalisation of Northeast Indiana Bancorp Inc is $58.3M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Northeast Indiana Bancorp Inc (NIDB)?
The price-to-sales ratio of Northeast Indiana Bancorp Inc is 2.69 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Northeast Indiana Bancorp Inc (NIDB)?
Earnings per share at Northeast Indiana Bancorp Inc are $2.99 (price ÷ EPS = P/E 8.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Northeast Indiana Bancorp Inc (NIDB)?
The dividend yield of Northeast Indiana Bancorp Inc is 1.5% (payout 12.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Northeast Indiana Bancorp Inc (NIDB)?
The net margin of Northeast Indiana Bancorp Inc is 32.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Northeast Indiana Bancorp Inc (NIDB)?
The return on equity (ROE) of Northeast Indiana Bancorp Inc is 13.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Northeast Indiana Bancorp Inc (NIDB)?
On an EBIT basis the return on assets of Northeast Indiana Bancorp Inc is 1.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Northeast Indiana Bancorp Inc (NIDB)?
The operating margin of Northeast Indiana Bancorp Inc is 42.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Northeast Indiana Bancorp Inc (NIDB)?
Revenue at Northeast Indiana Bancorp Inc is growing +11.8% versus a year earlier (3y avg +3.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Northeast Indiana Bancorp Inc (NIDB)?
Earnings per share at Northeast Indiana Bancorp Inc are growing +15.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Northeast Indiana Bancorp Inc (NIDB) generate?
The free cash flow of Northeast Indiana Bancorp Inc is $6.2M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Northeast Indiana Bancorp Inc (NIDB) carry?
The net debt of Northeast Indiana Bancorp Inc is $35.9M (fiscal year 2025, ≈ 5.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 7, 2026