Jean-Luc Servat Purchases 1,000 Shares of First Northern Community Bancorp (NASDAQ:FNRN) Stock

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

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

• On Wednesday, August 5th, Jean-Luc Servat acquired 500 shares of First Northern Community Bancorp stock. The stock was acquired at an average cost of $18.32 per share, with a total value of $9,160.00.

First Northern Community Bancorp Stock Down 0.5%

Shares of NASDAQ:FNRN traded down $0.09 during midday trading on Wednesday, reaching $17.25. The company’s stock had a trading volume of 71,748 shares, compared to its average volume of 127,089. The firm has a market capitalization of $282.90 million, a price-to-earnings ratio of 12.80 and a beta of 0.01. The stock has a 50 day moving average of $17.95. First Northern Community Bancorp has a fifty-two week low of $11.40 and a fifty-two week high of $19.25.

Hedge Funds Weigh In On First Northern Community Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Focus Partners Advisor Solutions LLC acquired a new stake in shares of First Northern Community Bancorp in the 2nd quarter valued at about $6,883,000. Bank of New York Mellon Corp acquired a new position in First Northern Community Bancorp during the 2nd quarter worth approximately $654,000. Deutsche Bank AG acquired a new position in First Northern Community Bancorp during the 2nd quarter worth approximately $263,000. BlackRock Inc. bought a new position in First Northern Community Bancorp in the second quarter worth approximately $18,860,000. Finally, Allworth Financial LP bought a new position in First Northern Community Bancorp in the second quarter worth approximately $248,000. Institutional investors own 17.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Weiss Ratings lowered First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, July 17th. Wall Street Zen upgraded shares of First Northern Community Bancorp to a “hold” rating in a research note on Saturday, May 30th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

First Northern Community Bancorp Company Profile

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.