First Federal of Northrn Mchgn Bncrp Inc (FFNM) Announces Earnings Results

First Federal of Northrn Mchgn Bncrp Inc (NASDAQ:FFNM) issued its quarterly earnings data on Friday. The bank reported $0.14 earnings per share for the quarter, Bloomberg Earnings reports. The business had revenue of $3.03 million for the quarter. First Federal of Northrn Mchgn Bncrp had a return on equity of 4.71% and a net margin of 13.53%.

Shares of First Federal of Northrn Mchgn Bncrp (NASDAQ:FFNM) traded down 3.09% during midday trading on Friday, reaching $7.85. The company had a trading volume of 7,353 shares. The company has a 50 day moving average of $7.93 and a 200 day moving average of $7.95. The company has a market capitalization of $29.25 million and a PE ratio of 20.50. First Federal of Northrn Mchgn Bncrp has a one year low of $6.60 and a one year high of $8.55.

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First Federal of Northrn Mchgn Bncrp Company Profile

First Federal of Northern Michigan Bancorp, Inc operates as a community-oriented financial institution that accepts deposits from the general public. The Company’s principal lending activity is the origination of mortgage loans for the purchase or refinancing of one- to four-family residential properties.

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