First Bancorp of Indiana Inc. (OTCMKTS:FBPI) Sees Large Decrease in Short Interest

First Bancorp of Indiana Inc. (OTCMKTS:FBPI) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 207 shares, a decline of 55.6% from the September 30th total of 466 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,771 shares, the days-to-cover ratio is currently 0.1 days.

First Bancorp of Indiana Price Performance

FBPI remained flat at $14.50 during midday trading on Friday. 3,200 shares of the company’s stock were exchanged, compared to its average volume of 1,126. The company has a market cap of $24.82 million, a price-to-earnings ratio of 69.05 and a beta of 0.14. First Bancorp of Indiana has a 1 year low of $11.20 and a 1 year high of $15.25. The company’s 50 day moving average is $14.66 and its 200-day moving average is $13.85.

First Bancorp of Indiana Company Profile

First Bancorp of Indiana, Inc is a bank holding company headquartered in Evansville, Indiana. Its principal subsidiary, First Federal Savings Bank, operates as a community-focused financial institution serving individuals, families, businesses and organizations in southwestern Indiana.

First Federal Savings Bank provides deposit products, including checking, savings, money market and certificate accounts, along with residential mortgage lending. Its lending activities also include commercial real estate, commercial business, construction, home equity and consumer loans.

The bank complements its lending and deposit services with online and mobile banking, electronic payment services, debit cards and other conventional banking products.