Insider Selling: First Northern Community Bancorp (NASDAQ:FNRN) Director Sells $19,453.20 in Stock

First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze sold 1,118 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $17.40, for a total value of $19,453.20. Following the sale, the director owned 729,921 shares in the company, valued at approximately $12,700,625.40. This represents a 0.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

First Northern Community Bancorp Trading Up 0.2%

NASDAQ FNRN opened at $17.55 on Friday. First Northern Community Bancorp has a 12 month low of $11.40 and a 12 month high of $19.25. The firm has a 50 day moving average of $17.97. The firm has a market cap of $287.82 million, a P/E ratio of 12.95 and a beta of 0.01.

Institutional Trading of First Northern Community Bancorp

Hedge funds have recently made changes to their positions in the business. Legal & General Group Plc bought a new position in shares of First Northern Community Bancorp during the 2nd quarter worth approximately $26,000. Allworth Financial LP bought a new stake in First Northern Community Bancorp in the 2nd quarter valued at $248,000. Deutsche Bank AG bought a new stake in First Northern Community Bancorp in the 2nd quarter valued at $263,000. Bank of New York Mellon Corp acquired a new stake in First Northern Community Bancorp during the 2nd quarter valued at $654,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in First Northern Community Bancorp during the 2nd quarter valued at $1,205,000. 17.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on FNRN. Wall Street Zen cut shares of First Northern Community Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday. 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. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, First Northern Community Bancorp 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 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.