First Northern Community Bancorp (NASDAQ:FNRN) Downgraded by Wall Street Zen to Sell

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

Separately, 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, July 17th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

First Northern Community Bancorp Trading Up 0.2%

First Northern Community Bancorp stock opened at $17.55 on Friday. First Northern Community Bancorp has a 1 year low of $11.40 and a 1 year high of $19.25. The firm has a market cap of $287.82 million, a P/E ratio of 12.95 and a beta of 0.01. The company’s 50-day simple moving average is $17.97.

Insider Buying and Selling at First Northern Community Bancorp

In related news, Director Richard M. Martinez sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $17.51, for a total value of $35,020.00. Following the completion of the sale, the director owned 72,252 shares in the company, valued at approximately $1,265,132.52. This represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mark C. Schulze sold 5,250 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $17.06, for a total value of $89,565.00. Following the completion of the sale, the director owned 731,039 shares of the company’s stock, valued at $12,471,525.34. This represents a 0.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 12,000 shares of company stock worth $210,728 over the last 90 days. 11.92% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On First Northern Community Bancorp

Institutional investors have recently modified their holdings of the stock. Legal & General Group Plc bought a new stake in shares of First Northern Community Bancorp in the 2nd 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 approximately $248,000. Deutsche Bank AG bought a new position in First Northern Community Bancorp during the 2nd quarter worth approximately $263,000. Bank of New York Mellon Corp bought a new position in First Northern Community Bancorp during the 2nd quarter worth approximately $654,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in First Northern Community Bancorp during the second quarter valued at approximately $1,205,000. 17.86% of the stock is currently owned by institutional investors and hedge funds.

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.