First Northern Community Bancorp (FNRN): fair value, margin of safety and Wheel Score

Is FNRN undervalued?

First Northern Community Bancorp (FNRN) closed at 18.35 on 5 Nov 2026, close to the GLS average fair value of 17.62 (4.1% above fair value). 3 of the 9 models that produced a number sit above the price, 6 below - the market and our models roughly agree. With little margin of safety either way, the case for or against the stock rests on the quality numbers and the option premium rather than on price.

The 9 models disagree widely: DDM gives 0.0072 while Graham Growth gives 44.89. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.

Ranked against every other company we cover, neither cheapness nor growth clearly wins for FNRN, so the nightly engine files it under Blend (value score 52, growth score 33, out of 100).

Nine valuation models for FNRN

Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.

Quality and financial health

Financial health is weak: FNRN passes 4 of the nine Piotroski tests. Our scans drop the stock at the health filter; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is 7.2 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.

Returns on capital are moderate - ROIC 9.7%, ROE 10.0%, ROA 1.1% - with debt at 0.03 times equity and a free-cash-flow yield of 2.1%.

The dividend yield is 0.00% with a payout ratio of 0% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Debit Card 58%, Deposit Account 36%, Loan Servicing 6% (quarter Q2 FY2026).

Institutional ownership scores 4/10, insider activity 4/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 19: No options

FNRN has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (19 here). The valuation and quality numbers still apply to owning the shares outright.

Volume runs at 175k shares a day on a market cap of $301M, with a beta of 0.02 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.

Upcoming events

The next earnings report is due on 28 Jan 2027, 84 days away - outside the window of a 30-45-day put sold today.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

Similar stocks in Banks - Regional

The 12 companies below are the closest to First Northern Community Bancorp by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.

⚖ Compare FNRN with 7 of them   All Financial Services stocks →