383,690 Shares in First Northern Community Bancorp $FNRN Purchased by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC bought a new position in shares of First Northern Community Bancorp (NASDAQ:FNRN) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 383,690 shares of the company’s stock, valued at approximately $6,883,000.

Insider Transactions at First Northern Community Bancorp

In related news, Director Mark C. Schulze sold 5,250 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $17.06, for a total transaction of $89,565.00. Following the completion of the transaction, the director owned 731,039 shares in the company, valued at $12,471,525.34. The trade was a 0.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard M. Martinez sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $17.51, for a total transaction of $35,020.00. Following the sale, the director directly owned 72,252 shares of the company’s stock, valued at $1,265,132.52. The trade was a 2.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,000 shares of company stock worth $210,728 over the last 90 days. Company insiders own 11.92% of the company’s stock.

Analyst Ratings Changes

Several equities research 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 report on Friday, July 17th. Wall Street Zen lowered shares of First Northern Community Bancorp from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

First Northern Community Bancorp Price Performance

FNRN opened at $17.55 on Friday. The company has a 50-day moving average of $17.97. First Northern Community Bancorp has a 1 year low of $11.40 and a 1 year high of $19.25. The stock has a market capitalization of $287.82 million, a price-to-earnings ratio of 12.95 and a beta of 0.01.

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.