First Northern Community Bancorp (NASDAQ:FNRN) Stock: Insider Mark Schulze Sells 4,000 Shares

First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $16.66, for a total value of $66,640.00. Following the completion of the transaction, the director owned 722,421 shares in the company, valued at $12,035,533.86. This represents a 0.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

First Northern Community Bancorp Stock Performance

Shares of NASDAQ:FNRN traded up $0.30 during mid-day trading on Friday, hitting $17.30. 156,412 shares of the company traded hands, compared to its average volume of 96,310. The stock has a market cap of $281.82 million, a PE ratio of 12.60 and a beta of 0.04. First Northern Community Bancorp has a 12-month low of $13.05 and a 12-month high of $19.25. The firm’s 50-day moving average price is $17.11.

First Northern Community Bancorp (NASDAQ:FNRN) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.38 EPS for the quarter. The business had revenue of $21.00 million during the quarter. First Northern Community Bancorp had a return on equity of 10.73% and a net margin of 24.39%.

Institutional Trading of First Northern Community Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in First Northern Community Bancorp during the second quarter worth $18,860,000. Focus Partners Advisor Solutions LLC purchased a new position in First Northern Community Bancorp in the second quarter worth $6,883,000. State Street Corp bought a new position in First Northern Community Bancorp in the 2nd quarter valued at $3,247,000. Northwestern Mutual Wealth Management Co. bought a new position in First Northern Community Bancorp in the 2nd quarter valued at $1,205,000. Finally, First Trust Advisors LP bought a new position in First Northern Community Bancorp in the 3rd quarter valued at $1,106,000. 17.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on FNRN shares. Weiss Ratings raised shares of First Northern Community Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. Wall Street Zen upgraded shares of First Northern Community Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 31st. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, First Northern Community Bancorp has an average rating of “Buy”.

First Northern Community Bancorp Company Profile

First Northern Community Bancorp is the bank holding company for First Northern Bank, a community bank headquartered in Dixon, California. The bank traces its roots to 1910 and serves individuals, businesses and organizations in Northern California. Its services include checking and savings accounts, certificates of deposit, consumer and business loans, commercial real estate financing, and banking services for businesses. Customers can also access digital banking tools and cash-management services.