Mark Schulze Sells 5,250 Shares of First Northern Community Bancorp (NASDAQ:FNRN) Stock

First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze sold 5,250 shares of the company’s stock in a transaction 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 approximately $12,471,525.34. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

First Northern Community Bancorp Price Performance

Shares of FNRN opened at $17.51 on Friday. The company has a 50-day moving average of $17.96. The company has a market capitalization of $287.16 million, a price-to-earnings ratio of 12.92 and a beta of 0.01. First Northern Community Bancorp has a fifty-two week low of $11.40 and a fifty-two week high of $19.25.

Analysts Set New Price Targets

Several brokerages have issued reports on FNRN. Wall Street Zen upgraded shares of First Northern Community Bancorp to a “hold” rating in a research report on Saturday, May 30th. Weiss Ratings downgraded First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, First Northern Community Bancorp has a consensus rating of “Buy”.

Institutional Investors Weigh In On First Northern Community Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of First Northern Community Bancorp in the second quarter valued at about $18,860,000. Focus Partners Advisor Solutions LLC bought a new position in First Northern Community Bancorp during the second quarter worth about $6,883,000. Northwestern Mutual Wealth Management Co. acquired a new stake in First Northern Community Bancorp in the 2nd quarter worth about $1,205,000. Bank of New York Mellon Corp acquired a new stake in First Northern Community Bancorp in the 2nd quarter worth about $654,000. Finally, Deutsche Bank AG bought a new stake in First Northern Community Bancorp in the 2nd quarter valued at about $263,000. Institutional investors and hedge funds own 17.86% of the company’s stock.

First Northern Community Bancorp Company Profile

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.