First Northern Community Bancorp Announces Quarterly Earnings Results

First Northern Community Bancorp (OTCMKTS:FNRN - Get Free Report) released its quarterly earnings data on Wednesday. For the quarter, the bank reported an earnings per share of $0.37, according to information from Zacks. This marks a solid performance, with a net margin of 25.01% and a return on equity at 12.60%.

First Northern Community Bancorp Stock Performance

During midday trading on Friday, shares of OTCMKTS:FNRN showed minimal movement, holding steady at $9.91. The trading volume reached 3,150 shares, which is slightly below the average volume of 3,286 shares. The company's current 50-day moving average stands at $9.94, while the 200-day moving average is $10.04. Over the past year, the stock has fluctuated, reaching a low of $7.79 and a high of $10.50. With a market capitalization of $150.43 million and a price-to-earnings ratio of 7.29, the stock exhibits a beta of 0.33, indicating lower volatility than the market.

About First Northern Community Bancorp

First Northern Community Bancorp serves as the holding company for the First Northern Bank of Dixon. The bank specializes in providing various commercial banking products and services tailored for individuals as well as small and medium-sized businesses. Among its offerings are demand deposits, interest-bearing transaction deposits, savings accounts, money market accounts, and time deposits.

Investor Insights

Before considering an investment in First Northern Community Bancorp, potential investors should take note of the opinions from market analysts. Currently, the bank holds a "Hold" rating from analysts. However, some analysts are recommending alternative stocks they believe offer better investment opportunities. Investors may want to explore these options further.

Earnings, Banking, Stocks