First Northern Community Bancorp (NASDAQ:FNRN) Shares Cross Above 50 Day Moving Average on Insider Selling

First Northern Community Bancorp (NASDAQ:FNRN) crossed above its fifty day moving average during trading on Friday following insider buying activity. The stock has a fifty day moving average of $17.11 and traded as high as $17.65. First Northern Community Bancorp shares last traded at $17.30, with a volume of 156,412 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of First Northern Community Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, October 31st. Weiss Ratings raised shares of First Northern Community Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

First Northern Community Bancorp Trading Up 1.8%

The company has a fifty day moving average of $17.11. The stock has a market cap of $281.82 million, a P/E ratio of 12.60 and a beta of 0.04.

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

Hedge Funds Weigh In On First Northern Community Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in FNRN. Legal & General Group Plc acquired a new stake in First Northern Community Bancorp during the 2nd quarter worth approximately $26,000. Allworth Financial LP acquired a new stake in First Northern Community Bancorp during the 2nd quarter worth about $248,000. Citadel Advisors LLC bought a new stake in First Northern Community Bancorp in the second quarter worth approximately $253,000. Deutsche Bank AG bought a new stake in shares of First Northern Community Bancorp in the 2nd quarter valued at $263,000. Finally, Arcus Capital Partners LLC acquired a new position in shares of First Northern Community Bancorp during the second quarter valued at about $269,000. 17.86% of the stock is currently owned by institutional investors and hedge funds.

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.