First Northern Community Bancorp (NASDAQ:FNRN) Share Price Breaks Above 50-Day Moving Average – Time to Sell?

First Northern Community Bancorp (NASDAQ:FNRN)’s share price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $17.08 and traded as high as $17.37. First Northern Community Bancorp shares last traded at $17.11, with a volume of 67,535 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FNRN shares. Wall Street Zen raised shares of First Northern Community Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings downgraded shares of First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 9th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, First Northern Community Bancorp presently has a consensus rating of “Buy”.

First Northern Community Bancorp Stock Up 0.8%

The company has a 50 day moving average price of $17.08. The firm has a market cap of $280.52 million and a price-to-earnings ratio of 12.63.

Insider Buying and Selling

In other First Northern Community Bancorp news, Director Mark Schulze sold 5,250 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $17.06, for a total value of $89,565.00. Following the sale, the director owned 731,039 shares of the company’s stock, valued at $12,471,525.34. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard Martinez sold 2,000 shares of First Northern Community Bancorp stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $17.51, for a total value of $35,020.00. Following the completion of the transaction, the director directly owned 72,252 shares in the company, valued at approximately $1,265,132.52. This represents a 2.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,000 shares of company stock worth $210,728 in the last ninety days. Insiders own 11.92% of the company’s stock.

Hedge Funds Weigh In On First Northern Community Bancorp

Large investors have recently bought and sold shares of the stock. Legal & General Group Plc bought a new position in shares of First Northern Community Bancorp during the 2nd quarter worth about $26,000. Allworth Financial LP bought a new stake in shares of First Northern Community Bancorp in the second quarter valued at about $248,000. Citadel Advisors LLC bought a new stake in shares of First Northern Community Bancorp in the second quarter valued at about $253,000. Deutsche Bank AG acquired a new stake in First Northern Community Bancorp during the second quarter worth about $263,000. Finally, Arcus Capital Partners LLC acquired a new stake in First Northern Community Bancorp during the second quarter worth about $269,000. 17.86% of the stock is currently 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 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.