First Northern Community Bancorp (NASDAQ:FNRN) Stock: Insider Mark Schulze Sells 2,000 Shares

Key Points

• Director Mark Schulze sold 2,000 shares at an average $17.50, totaling $35,000. The sale was made under a pre-arranged Rule 10b5-1 plan; he retained 727,921 shares afterward.
• First Northern reported quarterly earnings of $0.38 per share on $21 million in revenue, with a 10.65% return on equity and 24.97% net margin.
• MarketBeat data showed a consensus Buy rating from one analyst, while institutional investors owned 17.86% of the company’s shares.

First Northern Community Bancorp (NASDAQ:FNRN - Get Free Report) Director Mark Schulze sold 2,000 shares of First Northern Community Bancorp stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $17.50, for a total value of $35,000.00. Following the transaction, the director owned 727,921 shares in the company, valued at $12,738,617.50. This trade represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

First Northern Community Bancorp Stock Performance

NASDAQ:FNRN traded down $0.46 during mid-day trading on Thursday, hitting $17.89. 106,228 shares of the company traded hands, compared to its average volume of 62,706. The company has a fifty day moving average of $17.11. First Northern Community Bancorp has a one year low of $12.91 and a one year high of $19.25. The company has a market cap of $293.40 million, a price-to-earnings ratio of 13.37 and a beta of 0.04.

First Northern Community Bancorp (NASDAQ:FNRN - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.38 EPS for the quarter. First Northern Community Bancorp had a return on equity of 10.65% and a net margin of 24.97%. The firm had revenue of $21.00 million for the quarter.

Analysts Set New Price Targets

A number of equities research analysts have commented on FNRN shares. Wall Street Zen upgraded shares of First Northern Community Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, October 31st. Weiss Ratings downgraded shares of First Northern Community Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, First Northern Community Bancorp has a consensus rating of "Buy".

Institutional Investors Weigh In On First Northern Community Bancorp

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in First Northern Community Bancorp during the second quarter valued at about $18,860,000. Focus Partners Advisor Solutions LLC bought a new position in shares of First Northern Community Bancorp in the second quarter worth about $6,883,000. State Street Corp bought a new position in shares of First Northern Community Bancorp in the second quarter worth about $3,247,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of First Northern Community Bancorp during the second quarter worth about $1,205,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of First Northern Community Bancorp during the second quarter worth about $654,000. Hedge funds and other institutional investors own 17.86% of the company's stock.

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.

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