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The latest update is out from First Northern Community Bancorp (FNRN).
First Northern Community Bancorp has launched a new stock repurchase program to buy back up to 6% of its outstanding common stock, beginning May 1, 2024, and ending April 30, 2026. The initiative, endorsed by the Board of Directors, involves acquiring shares through open market or private transactions, with a cap of 933,043 shares, worth an estimated $8.4 million based on recent stock prices. This strategic move is set to occur without affecting the company’s capital strength and will comply with SEC Rule 10b-18 guidelines.
For a thorough assessment of FNRN stock, go to TipRanks’ Stock Analysis page.