First Northern Community Bancorp (OTCMKTS:FNRN – Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $17.31 and traded as high as $18.21. First Northern Community Bancorp shares last traded at $17.94, with a volume of 248,366 shares trading hands.
First Northern Community Bancorp Stock Down 1.0%
The firm has a market capitalization of $292.37 million, a PE ratio of 14.18 and a beta of 0.01. The business’s fifty day moving average price is $17.42 and its 200 day moving average price is $15.36.
First Northern Community Bancorp declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 31st that authorizes the company to repurchase $15.60 million in outstanding shares. This repurchase authorization authorizes the bank to buy up to 6.3% of its stock through open market purchases. Stock repurchase plans are generally 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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