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 research report report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings downgraded First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 9th. One analyst has rated the stock with a Buy rating. According to MarketBeat, First Northern Community Bancorp has a consensus rating of “Buy”.

First Northern Community Bancorp Stock Performance

NASDAQ FNRN opened at $17.11 on Friday. First Northern Community Bancorp has a 52 week low of $12.76 and a 52 week high of $19.25. The stock’s 50 day moving average price is $17.08. The company has a market cap of $280.60 million and a price-to-earnings ratio of 12.46.

First Northern Community Bancorp (NASDAQ:FNRN) last announced its earnings results on Thursday, October 29th. The company reported $0.38 earnings per share for the quarter. First Northern Community Bancorp had a net margin of 24.97% and a return on equity of 10.68%. The company had revenue of $21.00 million during the quarter.

Insider Buying and Selling

In other First Northern Community Bancorp news, Director Richard M. Martinez sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $17.51, for a total transaction of $35,020.00. Following the transaction, the director owned 72,252 shares in the company, valued at approximately $1,265,132.52. This represents a 2.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark C. Schulze sold 5,250 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 731,039 shares in the company, valued at $12,471,525.34. The trade was a 0.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,000 shares of company stock valued at $210,728 over the last quarter. 11.92% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FNRN. Legal & General Group Plc purchased a new stake in First Northern Community Bancorp during the 2nd quarter valued at about $26,000. Allworth Financial LP acquired a new position in shares of First Northern Community Bancorp in the second quarter valued at about $248,000. Citadel Advisors LLC acquired a new position in shares of First Northern Community Bancorp in the second quarter valued at about $253,000. Deutsche Bank AG purchased a new position in shares of First Northern Community Bancorp in the second quarter worth about $263,000. Finally, Arcus Capital Partners LLC purchased a new position in shares of First Northern Community Bancorp in the second quarter worth about $269,000. Hedge funds and other 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 banking institution headquartered in Dixon, California. Through its banking subsidiary, the company serves individuals, families, businesses and agricultural customers in Northern California.

First Northern Bank provides a range of traditional banking products and services, including checking and savings accounts, certificates of deposit, consumer loans, residential and commercial real estate financing, business loans and agricultural lending.