First Northern Community Bancorp (NASDAQ:FNRN – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.38 earnings per share (EPS) for the quarter, Zacks reports. First Northern Community Bancorp had a net margin of 24.97% and a return on equity of 10.68%. The company had revenue of $21.00 million during the quarter.
First Northern Community Bancorp Price Performance
First Northern Community Bancorp stock traded up $0.13 during midday trading on Friday, hitting $17.11. 67,535 shares of the company were exchanged, compared to its average volume of 61,157. The company has a market cap of $280.52 million and a price-to-earnings ratio of 12.63. First Northern Community Bancorp has a fifty-two week low of $12.76 and a fifty-two week high of $19.25. The stock’s fifty day simple moving average is $17.08.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Weiss Ratings lowered shares of First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Wall Street Zen upgraded shares of First Northern Community Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, First Northern Community Bancorp presently has an average rating of “Buy”.
Read Our Latest Stock Analysis on FNRN
Insider Buying and Selling
In other news, Director Richard M. Martinez sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $17.51, for a total transaction of $35,020.00. Following the sale, the director owned 72,252 shares of the company’s stock, valued at $1,265,132.52. This trade represents a 2.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark C. Schulze sold 5,250 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $17.06, for a total transaction of $89,565.00. Following the sale, the director owned 731,039 shares in the company, valued at approximately $12,471,525.34. This represents a 0.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,000 shares of company stock valued at $210,728 over the last three months. 11.92% of the stock is currently owned by corporate insiders.
First Northern Community Bancorp Company Profile
First Northern Community Bancorp is the bank holding company for First Northern Bank, a community banking institution headquartered in Dixon, California. Through its banking subsidiary, the company serves individuals, families, businesses and agricultural customers in Northern California.
First Northern Bank provides a range of traditional banking products and services, including checking and savings accounts, certificates of deposit, consumer loans, residential and commercial real estate financing, business loans and agricultural lending.
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