1,051,266 Shares in First Northern Community Bancorp $FNRN Bought by BlackRock Inc.

BlackRock Inc. bought a new stake in First Northern Community Bancorp (NASDAQ:FNRN - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,051,266 shares of the company's stock, valued at approximately $18,860,000. BlackRock Inc. owned about 6.41% of First Northern Community Bancorp as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Deutsche Bank AG bought a new position in shares of First Northern Community Bancorp in the second quarter worth about $263,000. Bank of New York Mellon Corp bought a new position in First Northern Community Bancorp in the 2nd quarter valued at approximately $654,000. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in First Northern Community Bancorp in the second quarter valued at approximately $6,883,000. Institutional investors and hedge funds own 17.86% of the company's stock.

Insider Buying and Selling at First Northern Community Bancorp

In other First Northern Community Bancorp news, Director Richard Martinez sold 2,000 shares of First Northern Community Bancorp 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 transaction, the director directly owned 72,252 shares of the company's stock, valued at approximately $1,265,132.52. The trade was a 2.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Schulze sold 5,250 shares of First Northern Community Bancorp 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 completion of the transaction, the director directly owned 731,039 shares in the company, valued at approximately $12,471,525.34. This represents a 0.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 12,000 shares of company stock valued at $210,728. 11.92% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on FNRN shares. Weiss Ratings cut First Northern Community Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, July 17th. Wall Street Zen lowered First Northern Community Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, First Northern Community Bancorp presently has an average rating of "Buy".

First Northern Community Bancorp Trading Up 2.2%

Shares of NASDAQ:FNRN opened at $17.34 on Friday. First Northern Community Bancorp has a 52 week low of $11.87 and a 52 week high of $19.25. The firm has a market capitalization of $284.38 million and a price-to-earnings ratio of 12.80. The business's fifty day simple moving average is $17.76.

First Northern Community Bancorp Company Profile

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.

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