First Northern Community Bancorp (NASDAQ:FNRN – Get Free Report) Director Mark Schulze sold 1,118 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $17.40, for a total transaction of $19,453.20. Following the completion of the sale, the director owned 729,921 shares of the company’s stock, valued at $12,700,625.40. This represents a 0.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
First Northern Community Bancorp Stock Performance
First Northern Community Bancorp stock traded down $0.09 during mid-day trading on Wednesday, hitting $17.25. 71,748 shares of the company’s stock were exchanged, compared to its average volume of 91,811. First Northern Community Bancorp has a 1-year low of $11.40 and a 1-year high of $19.25. The business has a 50 day moving average price of $17.95. The firm has a market capitalization of $282.81 million, a PE ratio of 12.73 and a beta of 0.01.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on FNRN. Weiss Ratings lowered First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, July 17th. Wall Street Zen raised shares of First Northern Community Bancorp to a “hold” rating in a report on Saturday, May 30th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of FNRN. Northwestern Mutual Wealth Management Co. bought a new position in First Northern Community Bancorp during the second quarter worth $1,205,000. Allworth Financial LP acquired a new stake in First Northern Community Bancorp in the 2nd quarter worth $248,000. BlackRock Inc. acquired a new stake in First Northern Community Bancorp in the 2nd quarter worth $18,860,000. Deutsche Bank AG bought a new position in shares of First Northern Community Bancorp during the 2nd quarter worth about $263,000. Finally, Bank of New York Mellon Corp bought a new position in shares of First Northern Community Bancorp during the 2nd quarter worth about $654,000. 17.86% of the stock is currently owned by institutional investors and hedge funds.
First Northern Community Bancorp Company Profile
First Northern Community Bancorp is the bank holding company for First Northern Bank, a regionally focused community bank based in Dixon, California. The company provides a range of commercial and consumer banking services through its branch network and digital banking channels, positioning itself as a relationship-driven lender and deposit taker for local businesses, farms and households in Northern California.
First Northern’s core activities include commercial and real estate lending, residential mortgage origination and servicing, small-business banking, and deposit products such as checking, savings and certificate accounts.
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