First Northern Community Bancorp (NASDAQ:FNRN) Director Sells $35,020.00 in Stock

First Northern Community Bancorp (NASDAQ:FNRN) Director Richard Martinez sold 2,000 shares of the business’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 value of $35,020.00. Following the transaction, the director owned 72,252 shares of the company’s stock, valued at $1,265,132.52. This represents a 2.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

First Northern Community Bancorp Stock Performance

Shares of FNRN opened at $17.55 on Monday. The company has a market cap of $287.82 million, a P/E ratio of 12.95 and a beta of 0.01. The stock’s fifty day moving average is $17.97. First Northern Community Bancorp has a 12 month low of $11.40 and a 12 month high of $19.25.

Analyst Ratings Changes

Several equities analysts have recently commented 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 report on Friday, July 17th. Wall Street Zen downgraded shares of 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, According to data from MarketBeat.com, First Northern Community Bancorp presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On First Northern Community Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in First Northern Community Bancorp during the 2nd quarter valued at $18,860,000. Focus Partners Advisor Solutions LLC acquired a new position in First Northern Community Bancorp during the 2nd quarter worth $6,883,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of First Northern Community Bancorp in the second quarter worth $1,205,000. Bank of New York Mellon Corp bought a new position in shares of First Northern Community Bancorp in the second quarter worth $654,000. Finally, Deutsche Bank AG acquired a new position in shares of First Northern Community Bancorp during the second quarter valued at $263,000. 17.86% of the stock is owned by institutional investors.

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.