First Northern Community Bancorp (NASDAQ:FNRN) Director Richard Martinez Sells 2,000 Shares

First Northern Community Bancorp (NASDAQ:FNRN) Director Richard Martinez sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $17.51, for a total transaction of $35,020.00. Following the completion of the sale, the director owned 72,252 shares in the company, valued at approximately $1,265,132.52. This trade represents a 2.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

First Northern Community Bancorp Stock Performance

Shares of FNRN stock traded up $0.04 during trading hours on Friday, hitting $17.55. 55,926 shares of the company’s stock traded hands, compared to its average volume of 91,910. The stock has a fifty day moving average price of $17.96. First Northern Community Bancorp has a 12-month low of $11.40 and a 12-month high of $19.25. The firm has a market cap of $287.82 million, a PE ratio of 12.95 and a beta of 0.01.

Institutional Investors Weigh In On First Northern Community Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc purchased a new position in First Northern Community Bancorp in the 2nd quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of First Northern Community Bancorp in the 2nd quarter worth $1,205,000. Allworth Financial LP purchased a new position in shares of First Northern Community Bancorp in the second quarter worth $248,000. BlackRock Inc. bought a new position in shares of First Northern Community Bancorp during the second quarter valued at $18,860,000. Finally, Deutsche Bank AG purchased a new stake in shares of First Northern Community Bancorp during the second quarter valued at $263,000. Institutional investors own 17.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About First Northern Community Bancorp

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.