First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze Sells 1,000 Shares of Company Stock

First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze sold 1,000 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $16.68, for a total transaction of $16,680.00. Following the transaction, the director directly owned 726,421 shares of the company’s stock, valued at $12,116,702.28. The trade was a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

First Northern Community Bancorp Stock Performance

NASDAQ FNRN traded up $0.30 on Friday, hitting $17.30. The stock had a trading volume of 156,412 shares, compared to its average volume of 126,599. The firm’s 50-day simple moving average is $17.11. First Northern Community Bancorp has a one year low of $13.05 and a one year high of $19.25. 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 (NASDAQ:FNRN) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.38 earnings per share for the quarter. The company had revenue of $21.00 million for the quarter. First Northern Community Bancorp had a return on equity of 10.73% and a net margin of 24.39%.

Hedge Funds Weigh In On First Northern Community Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fourthstone LLC raised its position in shares of First Northern Community Bancorp by 35.2% during the 3rd quarter. Fourthstone LLC now owns 1,554,776 shares of the company’s stock worth $26,867,000 after buying an additional 404,716 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of First Northern Community Bancorp in the 2nd quarter worth approximately $18,860,000. Focus Partners Advisor Solutions LLC bought a new position in shares of First Northern Community Bancorp in the second quarter valued at approximately $6,883,000. State Street Corp boosted its holdings in shares of First Northern Community Bancorp by 48.7% in the third quarter. State Street Corp now owns 269,185 shares of the company’s stock valued at $4,652,000 after acquiring an additional 88,211 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of First Northern Community Bancorp in the second quarter valued at approximately $1,205,000. Institutional investors own 17.86% of the company’s stock.

Wall Street Analyst Weigh In

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