First Northern Community Bancorp (NASDAQ:FNRN) Stock Rating Raised to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of First Northern Community Bancorp (NASDAQ:FNRN) from a sell rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of First Northern Community Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, November 9th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, First Northern Community Bancorp presently has an average rating of “Buy”.

First Northern Community Bancorp Stock Up 1.8%

Shares of NASDAQ FNRN traded up $0.30 during trading hours on Friday, hitting $17.30. 156,412 shares of the stock were exchanged, compared to its average volume of 126,599. First Northern Community Bancorp has a one year low of $13.05 and a one year high of $19.25. The business’s 50 day moving average is $17.11. The stock has a market cap of $281.82 million, a price-to-earnings ratio of 12.60 and a beta of 0.04.

First Northern Community Bancorp (NASDAQ:FNRN) last announced its earnings results on Thursday, October 29th. The company reported $0.38 EPS for the quarter. The firm had revenue of $21.00 million for the quarter. First Northern Community Bancorp had a net margin of 24.39% and a return on equity of 10.73%.

Insider Buying and Selling

In other news, Director Mark Schulze sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $16.66, for a total transaction of $66,640.00. Following the completion of the transaction, the director directly owned 722,421 shares in the company, valued at $12,035,533.86. The trade was a 0.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 8,500 shares of company stock valued at $144,315. Insiders own 11.92% of the company’s stock.

Hedge Funds Weigh In On First Northern Community Bancorp

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

About First Northern Community Bancorp

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.