First Northern Community Bancorp

OTCPK:FNRN Stock Report

Market Cap: US$152.4m

First Northern Community Bancorp Valuation

Is FNRN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FNRN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FNRN ($10) is trading below our estimate of fair value ($28.95)

Significantly Below Fair Value: FNRN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FNRN?

Key metric: As FNRN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FNRN. This is calculated by dividing FNRN's market cap by their current earnings.
What is FNRN's PE Ratio?
PE Ratio7.2x
EarningsUS$21.07m
Market CapUS$152.45m

Price to Earnings Ratio vs Peers

How does FNRN's PE Ratio compare to its peers?

The above table shows the PE ratio for FNRN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.8x
CBFV CB Financial Services
6.6x-31.4%US$149.9m
ECBK ECB Bancorp
41.3xn/aUS$139.7m
UBFO United Security Bancshares
9.3xn/aUS$163.7m
PEBK Peoples Bancorp of North Carolina
9.8xn/aUS$156.9m
FNRN First Northern Community Bancorp
7.2xn/aUS$152.4m

Price-To-Earnings vs Peers: FNRN is good value based on its Price-To-Earnings Ratio (7.2x) compared to the peer average (16.8x).

Price to Earnings Ratio vs Industry

How does FNRN's PE Ratio compare vs other companies in the US Banks Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FRCB First Republic Bank
0.02xn/aUS$27.98m
BKGM BankGuam Holding
1xn/aUS$18.48m
SBNY Signature Bank
0.002xn/aUS$2.18m
BCBH.F Caribbean Investment Holdings
0.00001xn/aUS$132.00
No more companies available in this PE range
FNRN 7.2xIndustry Avg. 12.8xNo. of Companies75PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FNRN is good value based on its Price-To-Earnings Ratio (7.2x) compared to the US Banks industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is FNRN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FNRN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FNRN's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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