First Northern Community Bancorp (NASDAQ:FNRN) Stock: Insider Mark Schulze Sells 2,000 Shares

First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $17.50, for a total transaction of $35,000.00. Following the completion of the transaction, the director directly owned 727,921 shares in the company, valued at $12,738,617.50. This trade represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

First Northern Community Bancorp Trading Down 4.9%

NASDAQ:FNRN opened at $17.01 on Friday. The firm has a fifty day moving average price of $17.12. First Northern Community Bancorp has a 1-year low of $13.02 and a 1-year high of $19.25. The stock has a market cap of $278.96 million, a price-to-earnings ratio of 12.39 and a beta of 0.04.

First Northern Community Bancorp (NASDAQ:FNRN) last issued 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 10.65%. The business had revenue of $21.00 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc bought a new stake in First Northern Community Bancorp during the second quarter valued at about $26,000. Allworth Financial LP acquired a new stake in shares of First Northern Community Bancorp in the 2nd quarter valued at $248,000. Citadel Advisors LLC bought a new stake in shares of First Northern Community Bancorp during the 2nd quarter valued at about $253,000. Deutsche Bank AG bought a new position in shares of First Northern Community Bancorp in the second quarter valued at approximately $263,000. Finally, Arcus Capital Partners LLC purchased a new stake in shares of First Northern Community Bancorp in the second quarter worth $269,000. Institutional investors and hedge funds own 17.86% of the company’s stock.

Wall Street Analysts Forecast Growth

FNRN has been the subject of several recent analyst reports. Weiss Ratings cut shares of First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Wall Street Zen upgraded First Northern Community Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 31st. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, First Northern Community Bancorp presently has a consensus rating of “Buy”.

About First Northern Community Bancorp

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.