First Northern Community Bancorp (NASDAQ:FNRN) Director Sells 4,000 Shares of Company Stock

Key Points

• Director Mark Schulze sold 4,000 shares for $66,640 at an average price of $16.66, reducing his holdings by 0.55%; he still owns 722,421 shares.
• FNRN shares rose 1.8% to $17.30 in Friday trading. The company reported quarterly EPS of $0.38 on revenue of $21 million, with a 24.39% net margin.
• Analyst sentiment is positive: MarketBeat reports a consensus “Buy” rating, while institutional investors own 17.86% of the stock.

First Northern Community Bancorp (NASDAQ:FNRN - Get Free Report) Director Mark Schulze sold 4,000 shares of the firm's stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $16.66, for a total transaction of $66,640.00. Following the completion of the sale, the director owned 722,421 shares of the company's stock, valued at $12,035,533.86. The trade was a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

First Northern Community Bancorp Stock Up 1.8%

FNRN traded up $0.30 during midday trading on Friday, hitting $17.30. The company had a trading volume of 156,412 shares, compared to its average volume of 96,310. The stock's 50 day simple moving average is $17.11. First Northern Community Bancorp has a 52 week low of $13.05 and a 52 week high of $19.25. The stock has a market cap of $281.82 million, a P/E ratio of 12.60 and a beta of 0.04.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FNRN. Wall Street Zen raised First Northern Community Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, October 31st. Weiss Ratings raised First Northern Community Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company currently has a consensus rating of "Buy".

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Legal & General Group Plc bought a new stake in shares of First Northern Community Bancorp during the second quarter worth about $26,000. Allworth Financial LP acquired a new stake in shares of First Northern Community Bancorp in the 2nd quarter worth about $248,000. Citadel Advisors LLC bought a new position in First Northern Community Bancorp in the 2nd quarter valued at about $253,000. Deutsche Bank AG bought a new position in First Northern Community Bancorp in the 2nd quarter valued at about $263,000. Finally, Arcus Capital Partners LLC bought a new position in First Northern Community Bancorp in the 2nd quarter valued at about $269,000. 17.86% of the stock is owned by institutional investors.

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.

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