First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze Sells 2,000 Shares of Company Stock

First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze sold 2,000 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $17.50, for a total transaction of $35,000.00. Following the sale, the director directly owned 727,921 shares of the company’s stock, valued at approximately $12,738,617.50. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

First Northern Community Bancorp Stock Down 2.5%

NASDAQ:FNRN opened at $17.89 on Friday. The firm has a 50-day moving average price of $17.11. First Northern Community Bancorp has a fifty-two week low of $12.91 and a fifty-two week high of $19.25. The company has a market cap of $293.31 million, a PE ratio of 13.03 and a beta of 0.04.

First Northern Community Bancorp (NASDAQ:FNRN) last posted its earnings results on Thursday, October 29th. The company reported $0.38 EPS for the quarter. The company had revenue of $21.00 million during the quarter. First Northern Community Bancorp had a net margin of 24.97% and a return on equity of 10.65%.

Institutional Investors Weigh In On First Northern Community Bancorp

Large investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in First Northern Community Bancorp during the 2nd quarter worth about $18,860,000. Focus Partners Advisor Solutions LLC purchased a new stake in First Northern Community Bancorp during the 2nd quarter valued at about $6,883,000. State Street Corp acquired a new position in shares of First Northern Community Bancorp in the second quarter valued at about $3,247,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of First Northern Community Bancorp in the second quarter valued at about $1,205,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of First Northern Community Bancorp in the second quarter valued at about $654,000. 17.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on FNRN. Weiss Ratings downgraded First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Wall Street Zen upgraded First Northern Community Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 31st. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

First Northern Community Bancorp Company Profile

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.