OTTAWA BANCORP (OTTW) Director John M. Armstrong Sells 1,897 Shares of Stock

OTTAWA BANCORP (NASDAQ:OTTW) Director John M. Armstrong sold 1,897 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $13.67, for a total value of $25,931.99. Following the completion of the transaction, the director now 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 accessible through this hyperlink.

OTTAWA BANCORP (NASDAQ OTTW) opened at 13.85 on Tuesday. The stock has a 50 day moving average price of $13.71 and a 200-day moving average price of $13.58. The company has a market capitalization of $46.05 million and a PE ratio of 30.64. OTTAWA BANCORP has a 52 week low of $11.00 and a 52 week high of $14.00.

OTTAWA BANCORP (NASDAQ:OTTW) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $0.14 earnings per share (EPS) for the quarter. OTTAWA BANCORP had a net margin of 13.28% and a return on equity of 3.08%. The company had revenue of $2.77 million during the quarter.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 30th will be given a $0.04 dividend. The ex-dividend date is Monday, August 28th. This represents a $0.16 annualized dividend and a yield of 1.16%.

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A hedge fund recently bought a new stake in OTTAWA BANCORP stock. Seidman Lawrence B bought a new position in OTTAWA BANCORP (NASDAQ:OTTW) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 70,979 shares of the financial services provider’s stock, valued at approximately $977,000. OTTAWA BANCORP makes up 0.6% of Seidman Lawrence B’s portfolio, making the stock its 24th largest holding. Seidman Lawrence B owned about 2.17% of OTTAWA BANCORP as of its most recent SEC filing. 33.49% of the stock is currently owned by institutional investors.

About OTTAWA BANCORP

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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