First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze Sells 1,118 Shares

First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze sold 1,118 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $17.40, for a total value of $19,453.20. Following the sale, the director directly 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 at the SEC website.

First Northern Community Bancorp Trading Down 0.5%

FNRN stock opened at $17.25 on Thursday. The company has a market capitalization of $282.90 million, a price-to-earnings ratio of 12.73 and a beta of 0.01. The firm has a 50 day simple moving average of $17.95. First Northern Community Bancorp has a 12-month low of $11.40 and a 12-month high of $19.25.

Institutional Trading of First Northern Community Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in First Northern Community Bancorp during the 2nd quarter worth about $1,205,000. Allworth Financial LP purchased a new position in First Northern Community Bancorp during the 2nd quarter valued at about $248,000. BlackRock Inc. purchased a new position in First Northern Community Bancorp during the 2nd quarter valued at about $18,860,000. Deutsche Bank AG bought a new stake in shares of First Northern Community Bancorp during the second quarter valued at about $263,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of First Northern Community Bancorp during the second quarter valued at about $654,000. 17.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of First Northern Community Bancorp to a “hold” rating in a research report on Saturday, May 30th. Weiss Ratings downgraded shares of First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

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.