First Northern Community Bancorp (OTCMKTS:FNRN) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

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 trading hands.

First Northern Community Bancorp Price Performance

The firm’s 50 day moving average price is $17.31 and its 200 day moving average price is $15.30. The stock has a market capitalization of $294.34 million, a P/E ratio of 14.27 and a beta of 0.01.

First Northern Community Bancorp declared that its board has approved a share repurchase plan on Tuesday, March 31st that allows the company to buyback $15.60 million in shares. This buyback authorization allows the bank to reacquire up to 6.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is 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.