Shares of First Northern Community Bancorp (OTCMKTS:FNRN – Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $16.06 and traded as high as $17.52. First Northern Community Bancorp shares last traded at $17.29, with a volume of 131,350 shares trading hands.
First Northern Community Bancorp Stock Down 0.8%
The firm has a market cap of $283.68 million, a P/E ratio of 13.75 and a beta of 0.01. The company has a 50 day moving average of $16.06 and a two-hundred day moving average of $14.53.
First Northern Community Bancorp declared that its board has authorized a share buyback plan on Tuesday, March 31st that authorizes the company to repurchase $15.60 million in shares. This repurchase authorization authorizes the bank to buy up to 6.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
About First Northern Community Bancorp
First Northern Community Bancorp is a bank holding company headquartered in Dixon, California, operating through its principal subsidiary, First Northern Bank. The company provides a full range of commercial, agricultural and consumer banking services tailored to the needs of individuals, small businesses and agricultural producers. Its product offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate loans, business lines of credit, equipment financing and agricultural lending.
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