First Northern Community Bancorp (NASDAQ:FNRN) Stock: Insider Mark Schulze Sells 4,000 Shares

First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $16.66, for a total value of $66,640.00. Following the completion of the transaction, the director owned 722,421 shares in the company, valued at $12,035,533.86. This represents a 0.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

First Northern Community Bancorp Stock Up 1.8%

Shares of NASDAQ FNRN traded up $0.30 during mid-day trading on Friday, reaching $17.30. The company had a trading volume of 156,412 shares, compared to its average volume of 126,599. The business has a fifty day simple moving average of $17.11. The stock has a market capitalization of $281.82 million, a P/E ratio of 12.60 and a beta of 0.04. First Northern Community Bancorp has a 12-month low of $13.05 and a 12-month high of $19.25.

First Northern Community Bancorp (NASDAQ:FNRN) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.38 EPS 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 during the quarter.

Analyst Ratings Changes

FNRN has been the subject of a number of research reports. Wall Street Zen raised shares of First Northern Community Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday. 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 research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On First Northern Community Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in FNRN. Legal & General Group Plc bought a new stake in shares of First Northern Community Bancorp in the 2nd quarter valued at approximately $26,000. Allworth Financial LP increased its holdings in First Northern Community Bancorp by 99.6% in the third quarter. Allworth Financial LP now owns 27,642 shares of the company’s stock worth $496,000 after buying an additional 13,795 shares during the last quarter. Citadel Advisors LLC acquired a new position in First Northern Community Bancorp in the second quarter worth approximately $253,000. Deutsche Bank AG acquired a new position in First Northern Community Bancorp in the second quarter worth approximately $263,000. Finally, Arcus Capital Partners LLC bought a new position in First Northern Community Bancorp during the second quarter valued at approximately $269,000. 17.86% of the stock is owned by hedge funds and other institutional investors.

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.