First Northern Community Bancorp (OTCMKTS:FNRN) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of First Northern Community Bancorp (OTCMKTS:FNRN) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-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.

First Northern Community Bancorp Stock Up 1.5%

The firm has a market cap of $294.34 million, a P/E ratio of 14.27 and a beta of 0.01. The firm’s fifty day moving average is $17.31 and its two-hundred day moving average is $15.30.

First Northern Community Bancorp declared that its Board of Directors has approved a stock buyback program on Tuesday, March 31st that authorizes the company to repurchase $15.60 million in shares. This repurchase authorization authorizes the bank to purchase up to 6.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

First Northern Community Bancorp Company Profile

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.