First Northern Community Bancorp (NASDAQ:FNRN) Director Sells $35,020.00 in Stock

First Northern Community Bancorp (NASDAQ:FNRN) Director Richard Martinez sold 2,000 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $17.51, for a total transaction of $35,020.00. Following the completion of the sale, the director directly owned 72,252 shares of the company’s stock, valued at $1,265,132.52. This represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

First Northern Community Bancorp Trading Up 0.2%

First Northern Community Bancorp stock traded up $0.04 during trading hours on Friday, reaching $17.55. The stock had a trading volume of 55,926 shares, compared to its average volume of 91,910. The stock has a market cap of $287.82 million, a PE ratio of 12.95 and a beta of 0.01. The company’s fifty day simple moving average is $17.96. First Northern Community Bancorp has a 52 week low of $11.40 and a 52 week high of $19.25.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FNRN. 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, July 17th. Wall Street Zen raised shares of First Northern Community Bancorp to a “hold” rating in a research note on Saturday, May 30th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On First Northern Community Bancorp

Several hedge funds have recently made changes to their positions in the company. Legal & General Group Plc purchased a new stake in First Northern Community Bancorp in the second quarter worth $26,000. Allworth Financial LP purchased a new position in First Northern Community Bancorp during the second quarter valued at $248,000. Deutsche Bank AG bought a new stake in shares of First Northern Community Bancorp during the 2nd quarter valued at $263,000. Bank of New York Mellon Corp bought a new stake in shares of First Northern Community Bancorp during the 2nd quarter valued at $654,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of First Northern Community Bancorp during the 2nd quarter valued at $1,205,000. 17.86% of the stock is currently owned by institutional investors.

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.