First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze Sells 3,000 Shares

First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $18.40, for a total transaction of $55,200.00. Following the sale, the director directly owned 736,921 shares of the company’s stock, valued at $13,559,346.40. The trade was a 0.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

First Northern Community Bancorp Trading Down 2.0%

FNRN traded down $0.37 during trading on Thursday, hitting $17.81. The company had a trading volume of 46,802 shares, compared to its average volume of 145,966. The company has a market cap of $292.26 million, a P/E ratio of 13.42 and a beta of 0.01. The stock has a 50-day moving average of $17.95. First Northern Community Bancorp has a 1-year low of $11.03 and a 1-year high of $19.25.

Wall Street Analysts Forecast Growth

FNRN has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of First Northern Community Bancorp to a “hold” rating in a research note on Saturday, May 30th. Weiss Ratings cut First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, First Northern Community Bancorp has an average rating of “Buy”.

Hedge Funds Weigh In On First Northern Community Bancorp

A hedge fund recently bought a new position in First Northern Community Bancorp stock. Bank of New York Mellon Corp bought a new stake in First Northern Community Bancorp (NASDAQ:FNRN) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 36,447 shares of the company’s stock, valued at approximately $654,000. Bank of New York Mellon Corp owned 0.22% of First Northern Community Bancorp as of its most recent SEC filing. 17.86% of the stock is owned by institutional investors and hedge funds.

First Northern Community Bancorp Company Profile

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.