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

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

First Northern Community Bancorp Trading Down 6.9%

Shares of FNRN opened at $16.59 on Friday. The company’s fifty day moving average price is $17.94. The firm has a market capitalization of $272.24 million, a P/E ratio of 12.25 and a beta of 0.01. First Northern Community Bancorp has a 1 year low of $11.09 and a 1 year high of $19.25.

Analyst Ratings Changes

FNRN has been the subject of several recent analyst reports. Weiss Ratings cut shares of First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Wall Street Zen raised First Northern Community Bancorp to a “hold” rating in a report on Saturday, May 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Institutional Trading of First Northern Community Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG acquired a new stake in shares of First Northern Community Bancorp in the 2nd quarter worth approximately $263,000. Bank of New York Mellon Corp acquired a new position in shares of First Northern Community Bancorp during the second quarter valued at approximately $654,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of First Northern Community Bancorp during the second quarter valued at approximately $6,883,000. Finally, BlackRock Inc. bought a new stake in First Northern Community Bancorp during the second quarter worth approximately $18,860,000. 17.86% of the stock is currently owned by institutional investors.

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.