First Northern Community Bancorp (NASDAQ:FNRN) Stock Breaks Above Fifty Day Moving Average – Should You Sell?

First Northern Community Bancorp (NASDAQ:FNRN) shares crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $17.08 and traded as high as $17.37. First Northern Community Bancorp shares last traded at $17.11, with a volume of 67,535 shares.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of First Northern Community Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings downgraded shares of First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 9th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

First Northern Community Bancorp Stock Up 0.8%

The company has a 50 day moving average price of $17.08. The stock has a market cap of $280.60 million and a price-to-earnings ratio of 12.46.

First Northern Community Bancorp (NASDAQ:FNRN) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.38 earnings per share (EPS) for the quarter. First Northern Community Bancorp had a net margin of 24.97% and a return on equity of 10.68%. The firm had revenue of $21.00 million during the quarter.

Insider Buying and Selling

In related news, Director Richard M. Martinez sold 2,000 shares of First Northern Community Bancorp stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $17.51, for a total value of $35,020.00. Following the sale, the director directly owned 72,252 shares in the company, valued at $1,265,132.52. The trade was a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark C. Schulze sold 5,250 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $17.06, for a total value of $89,565.00. Following the transaction, the director directly owned 731,039 shares in the company, valued at $12,471,525.34. This represents a 0.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 12,000 shares of company stock valued at $210,728. Company insiders own 11.92% of the company’s stock.

Institutional Investors Weigh In On First Northern Community Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp acquired a new stake in shares of First Northern Community Bancorp in the second quarter valued at about $3,247,000. Squarepoint Ops LLC purchased a new stake in First Northern Community Bancorp during the second quarter worth about $300,000. Arcus Capital Partners LLC acquired a new position in First Northern Community Bancorp during the second quarter worth about $269,000. Allworth Financial LP acquired a new position in First Northern Community Bancorp during the second quarter worth about $248,000. Finally, Citadel Advisors LLC acquired a new position in First Northern Community Bancorp during the second quarter worth about $253,000. Institutional investors and hedge funds own 17.86% of the company’s stock.

First Northern Community Bancorp Company Profile

First Northern Community Bancorp is the bank holding company for First Northern Bank, a community banking institution headquartered in Dixon, California. Through its banking subsidiary, the company serves individuals, families, businesses and agricultural customers in Northern California.

First Northern Bank provides a range of traditional banking products and services, including checking and savings accounts, certificates of deposit, consumer loans, residential and commercial real estate financing, business loans and agricultural lending.