First Northern Community Bancorp (NASDAQ:FNRN – Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 12,595 shares, an increase of 27,280.4% from the April 15th total of 46 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 23,669 shares, the days-to-cover ratio is currently 0.5 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings assumed coverage on shares of First Northern Community Bancorp in a research note on Monday, May 4th. They set a “hold (c)” rating on the stock. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.
Read Our Latest Stock Report on FNRN
First Northern Community Bancorp Trading Up 0.5%
Insiders Place Their Bets
In other First Northern Community Bancorp news, CFO Kevin Spink sold 8,271 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $17.04, for a total value of $140,937.84. Following the transaction, the chief financial officer directly owned 45,962 shares in the company, valued at $783,192.48. The trade was a 15.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.92% of the stock is currently owned by insiders.
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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