First Northern Community Bancorp (NASDAQ:FNRN) Releases Quarterly Earnings Results

First Northern Community Bancorp (NASDAQ:FNRN) posted its quarterly earnings results on Thursday. The company reported $0.38 earnings per share (EPS) for the quarter, Zacks reports. First Northern Community Bancorp had a return on equity of 10.68% and a net margin of 24.97%. The firm had revenue of $21.00 million during the quarter.

First Northern Community Bancorp Price Performance

FNRN stock traded up $0.13 during mid-day trading on Friday, hitting $17.11. The stock had a trading volume of 67,535 shares, compared to its average volume of 61,157. The stock has a market capitalization of $280.52 million and a price-to-earnings ratio of 12.63. First Northern Community Bancorp has a 52 week low of $12.76 and a 52 week high of $19.25. The stock’s fifty day moving average is $17.08.

Insider Activity

In other First Northern Community Bancorp news, Director Richard M. Martinez sold 2,000 shares of the company’s stock in a transaction 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 owned 72,252 shares in the company, valued at $1,265,132.52. This represents a 2.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark C. 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 transaction of $89,565.00. Following the completion of the transaction, the director directly owned 731,039 shares of the company’s stock, valued at approximately $12,471,525.34. This trade represents a 0.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,000 shares of company stock worth $210,728 over the last ninety days. Company insiders own 11.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FNRN. Weiss Ratings downgraded First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Wall Street Zen raised First Northern Community Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating. According to MarketBeat, the company currently 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 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.