Insider Buying: First Northern Community Bancorp (NASDAQ:FNRN) Director Purchases $17,290.00 in Stock

First Northern Community Bancorp (NASDAQ:FNRN) Director Jean-Luc Servat purchased 1,000 shares of First Northern Community Bancorp stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average cost of $17.29 per share, with a total value of $17,290.00. Following the transaction, the director owned 5,635 shares in the company, valued at $97,429.15. This trade represents a 21.57% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Jean-Luc Servat also recently made the following trade(s):

• On Wednesday, August 5th, Jean-Luc Servat purchased 500 shares of First Northern Community Bancorp stock. The shares were acquired at an average price of $18.32 per share, with a total value of $9,160.00.

First Northern Community Bancorp Trading Down 0.5%

FNRN traded down $0.09 during trading on Wednesday, hitting $17.25. 71,748 shares of the company’s stock were exchanged, compared to its average volume of 127,089. First Northern Community Bancorp has a fifty-two week low of $11.40 and a fifty-two week high of $19.25. The company has a market cap of $282.90 million, a PE ratio of 12.80 and a beta of 0.01. The firm’s 50 day moving average price is $17.95.

Institutional Trading of First Northern Community Bancorp

Several hedge funds have recently added to or reduced their stakes in FNRN. BlackRock Inc. bought a new position in shares of First Northern Community Bancorp during the 2nd quarter valued at approximately $18,860,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of First Northern Community Bancorp in the 2nd quarter worth approximately $6,883,000. Northwestern Mutual Wealth Management Co. purchased a new position in First Northern Community Bancorp in the second quarter valued at approximately $1,205,000. Bank of New York Mellon Corp purchased a new position in First Northern Community Bancorp in the second quarter valued at approximately $654,000. Finally, Deutsche Bank AG bought a new position in First Northern Community Bancorp during the second quarter valued at $263,000. Institutional investors own 17.86% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.