Insider Selling: First Northern Community Bancorp (NASDAQ:FNRN) Director Sells $17,000.00 in Stock

First Northern Community Bancorp (NASDAQ:FNRN) Director Greg Dupratt sold 1,000 shares of the company’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $17.00, for a total value of $17,000.00. Following the completion of the transaction, the director directly owned 132,561 shares in the company, valued at approximately $2,253,537. This represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

First Northern Community Bancorp Price Performance

FNRN stock traded up $0.10 during trading hours on Thursday, hitting $17.00. 234,417 shares of the stock were exchanged, compared to its average volume of 117,650. First Northern Community Bancorp has a 12 month low of $13.05 and a 12 month high of $19.25. The firm has a market cap of $276.93 million, a price-to-earnings ratio of 12.31 and a beta of 0.04. The firm has a 50-day moving average price of $17.11.

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

Institutional Trading of First Northern Community Bancorp

Several large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in First Northern Community Bancorp in the second quarter valued at about $18,860,000. Focus Partners Advisor Solutions LLC bought a new stake in First Northern Community Bancorp during the second quarter worth about $6,883,000. State Street Corp grew its stake in First Northern Community Bancorp by 48.7% during the third quarter. State Street Corp now owns 269,185 shares of the company’s stock worth $4,652,000 after buying an additional 88,211 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in First Northern Community Bancorp during the second quarter worth about $1,205,000. Finally, First Trust Advisors LP bought a new position in First Northern Community Bancorp in the 3rd quarter valued at about $1,106,000. 17.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FNRN shares. Weiss Ratings upgraded shares of First Northern Community Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. Wall Street Zen upgraded shares of First Northern Community Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, October 31st. One research analyst has rated the stock with a Buy rating. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

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.