First Northern Community Bancorp (NASDAQ:FNRN) Shares Break Above 50 Day Moving Average After Insider Selling

First Northern Community Bancorp (NASDAQ:FNRN)’s stock price crossed above its fifty day moving average during trading on Friday following insider buying activity. The stock has a fifty day moving average of $17.11 and traded as high as $17.65. First Northern Community Bancorp shares last traded at $17.30, with a volume of 156,412 shares changing hands.

Wall Street Analysts Forecast Growth

FNRN has been the subject of a number of analyst reports. Wall Street Zen upgraded First Northern Community Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 31st. Weiss Ratings raised shares of First Northern Community Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company presently has an average rating of “Buy”.

First Northern Community Bancorp Trading Up 1.8%

The company has a market capitalization of $281.82 million, a P/E ratio of 12.60 and a beta of 0.04. The firm has a fifty day moving average of $17.11.

First Northern Community Bancorp (NASDAQ:FNRN) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.38 EPS for the quarter. First Northern Community Bancorp had a return on equity of 10.73% and a net margin of 24.39%. The business had revenue of $21.00 million for the quarter.

Institutional Trading of First Northern Community Bancorp

Several hedge funds have recently made changes to their positions in FNRN. Legal & General Group Plc purchased a new position in shares of First Northern Community Bancorp during the 2nd quarter valued at $26,000. Allworth Financial LP bought a new position in shares of First Northern Community Bancorp during the 2nd quarter worth $248,000. Citadel Advisors LLC purchased a new stake in First Northern Community Bancorp in the 2nd quarter worth about $253,000. Deutsche Bank AG purchased a new stake in First Northern Community Bancorp in the 2nd quarter worth about $263,000. Finally, Arcus Capital Partners LLC purchased a new stake in First Northern Community Bancorp in the 2nd quarter worth about $269,000. 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 community bank headquartered in Dixon, California. The bank traces its roots to 1910 and serves individuals, businesses and organizations in Northern California. Its services include checking and savings accounts, certificates of deposit, consumer and business loans, commercial real estate financing, and banking services for businesses. Customers can also access digital banking tools and cash-management services.