First Northern Community Bancorp (NASDAQ:FNRN) Stock: Insider Mark Schulze Sells 1,000 Shares

First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze sold 1,000 shares of the company’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $16.68, for a total transaction of $16,680.00. Following the completion of the sale, the director directly owned 726,421 shares in the company, valued at $12,116,702.28. This represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

First Northern Community Bancorp Trading Up 1.8%

NASDAQ FNRN traded up $0.30 during trading hours on Friday, reaching $17.30. 156,412 shares of the company’s stock traded hands, compared to its average volume of 126,599. First Northern Community Bancorp has a 52-week low of $13.05 and a 52-week high of $19.25. The company has a market cap of $281.82 million, a price-to-earnings ratio of 12.60 and a beta of 0.04. The business’s 50-day simple moving average is $17.11.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen raised First Northern Community Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings raised First Northern Community Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, November 9th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company has an average rating of “Buy”.

Hedge Funds Weigh In On First Northern Community Bancorp

Large investors have recently modified their holdings of the stock. State Street Corp purchased a new position in First Northern Community Bancorp in the second quarter worth about $3,247,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of First Northern Community Bancorp in the second quarter worth approximately $1,205,000. BlackRock Inc. purchased a new stake in shares of First Northern Community Bancorp during the second quarter valued at approximately $18,860,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of First Northern Community Bancorp during the second quarter valued at approximately $6,883,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of First Northern Community Bancorp during the second quarter valued at approximately $654,000. Hedge funds and other institutional investors 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 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.