Insider Buying: First Northern Community Bancorp (NASDAQ:FNRN) Director Purchases $17,290.00 in Stock

First Northern Community Bancorp (NASDAQ:FNRN) Director Jean-Luc Servat purchased 1,000 shares of the stock in a transaction on Wednesday, August 12th. The shares were purchased at an average cost of $17.29 per share, with a total value of $17,290.00. Following the transaction, the director owned 5,635 shares in the company, valued at $97,429.15. This trade represents a 21.57% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jean-Luc Servat also recently made the following trade(s):

• On Wednesday, August 5th, Jean-Luc Servat purchased 500 shares of First Northern Community Bancorp stock. The shares were purchased at an average price of $18.32 per share, for a total transaction of $9,160.00.

First Northern Community Bancorp Stock Up 0.2%

Shares of FNRN stock opened at $17.55 on Friday. First Northern Community Bancorp has a fifty-two week low of $11.40 and a fifty-two week high of $19.25. The firm has a market capitalization of $287.82 million, a price-to-earnings ratio of 12.95 and a beta of 0.01. The company has a 50-day moving average price of $17.97.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FNRN shares. 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. Wall Street Zen cut shares of First Northern Community Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Institutional Investors Weigh In On First Northern Community Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new position in shares of First Northern Community Bancorp during the 2nd quarter valued at about $26,000. Allworth Financial LP purchased a new stake in shares of First Northern Community Bancorp in the second quarter worth about $248,000. Deutsche Bank AG purchased a new stake in shares of First Northern Community Bancorp in the second quarter worth about $263,000. Bank of New York Mellon Corp acquired a new stake in First Northern Community Bancorp during the second quarter worth about $654,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in First Northern Community Bancorp during the second quarter worth about $1,205,000. 17.86% of the stock is owned by institutional investors and hedge funds.

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.