Focus Partners Advisor Solutions LLC Purchases Shares of 383,690 First Northern Community Bancorp $FNRN

Key Points

• Focus Partners Advisor Solutions LLC acquired 383,690 shares of First Northern Community Bancorp, worth approximately $6.88 million, giving it a 2.34% stake.
• Analyst sentiment remains mixed: Wall Street Zen downgraded the stock to “sell,” while Weiss Ratings lowered its rating to “buy (b).” MarketBeat’s consensus rating is still “Buy.”
• FNRN opened at $17.55, with a $287.82 million market capitalization and a 52-week range of $11.40 to $19.25. Insiders have sold 12,000 shares worth $210,728 over the past 90 days.

Focus Partners Advisor Solutions LLC acquired a new position in First Northern Community Bancorp (NASDAQ:FNRN - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 383,690 shares of the company's stock, valued at approximately $6,883,000. Focus Partners Advisor Solutions LLC owned about 2.34% of First Northern Community Bancorp at the end of the most recent reporting period.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FNRN shares. Wall Street Zen downgraded shares of First Northern Community Bancorp from a "hold" rating to a "sell" rating in a report on Saturday. Weiss Ratings lowered First Northern Community Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, First Northern Community Bancorp has a consensus rating of "Buy".

First Northern Community Bancorp Stock Performance

First Northern Community Bancorp stock opened at $17.55 on Friday. The stock has a market cap of $287.82 million, a PE ratio of 12.95 and a beta of 0.01. The firm has a 50-day moving average of $17.97. First Northern Community Bancorp has a 1 year low of $11.40 and a 1 year high of $19.25.

Insider Activity at First Northern Community Bancorp

In related news, Director Richard M. Martinez sold 2,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 72,252 shares of the company's stock, valued at $1,265,132.52. This represents a 2.69% decrease in their ownership of the stock. 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 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 transaction, the director owned 731,039 shares in the company, valued at $12,471,525.34. The trade was 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 12,000 shares of company stock valued at $210,728 in the last ninety days. Insiders own 11.92% of the company's stock.

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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