First Northern Community Bancorp (NASDAQ:FNRN – Get Free Report) Director Mark Schulze sold 5,250 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 731,039 shares in the company, valued at $12,471,525.34. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
First Northern Community Bancorp Stock Performance
Shares of FNRN opened at $17.55 on Friday. First Northern Community Bancorp has a 1-year low of $11.40 and a 1-year high of $19.25. The stock has a market cap of $287.82 million, a PE ratio of 12.95 and a beta of 0.01. The stock’s 50 day simple moving average is $17.97.
Wall Street Analysts Forecast Growth
FNRN has been the subject of several recent research reports. Weiss Ratings downgraded First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Wall Street Zen downgraded First Northern Community Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.
Hedge Funds Weigh In On First Northern Community Bancorp
A number of institutional investors have recently modified their holdings of the company. Focus Partners Advisor Solutions LLC purchased a new position in shares of First Northern Community Bancorp during the second quarter valued at approximately $6,883,000. Bank of New York Mellon Corp purchased a new stake in First Northern Community Bancorp in the 2nd quarter worth approximately $654,000. Deutsche Bank AG purchased a new stake in First Northern Community Bancorp in the 2nd quarter worth approximately $263,000. BlackRock Inc. purchased a new stake in First Northern Community Bancorp in the 2nd quarter worth approximately $18,860,000. Finally, Allworth Financial LP acquired a new position in First Northern Community Bancorp in the 2nd quarter valued at $248,000. Institutional investors and hedge funds own 17.86% of the company’s stock.
About First Northern Community Bancorp
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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