Insider Selling: First Northern Community Bancorp (NASDAQ:FNRN) Director Sells $89,565.00 in Stock

Key Points

• Director Mark Schulze sold 5,250 shares of First Northern Community Bancorp at an average price of $17.06, generating $89,565. After the transaction, he retained 731,039 shares valued at approximately $12.47 million.
• FNRN shares fell 0.5% to $17.25, with the stock trading between a 52-week low of $11.40 and high of $19.25. The company has a market capitalization of about $282.9 million and a price-to-earnings ratio of 12.8.
• Analyst sentiment remains generally positive, with MarketBeat reporting an average “Buy” rating, while institutional investors and hedge funds own 17.86% of the company.

First Northern Community Bancorp (NASDAQ:FNRN - Get Free Report) Director Mark 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 sale, the director directly owned 731,039 shares in the company, valued at $12,471,525.34. The trade was a 0.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

First Northern Community Bancorp Stock Down 0.5%

NASDAQ FNRN traded down $0.09 on Wednesday, reaching $17.25. The company had a trading volume of 71,748 shares, compared to its average volume of 127,089. The stock's fifty day moving average price is $17.95. First Northern Community Bancorp has a 1-year low of $11.40 and a 1-year high of $19.25. The firm has a market cap of $282.90 million, a price-to-earnings ratio of 12.80 and a beta of 0.01.

Analyst Ratings Changes

FNRN has been the topic of several research reports. Weiss Ratings downgraded shares of First Northern Community Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday, July 17th. Wall Street Zen upgraded First Northern Community Bancorp to a "hold" rating in a research report on Saturday, May 30th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy".

Institutional Investors Weigh In On First Northern Community Bancorp

Several large investors have recently modified their holdings of the company. Allworth Financial LP bought a new stake in First Northern Community Bancorp in the 2nd quarter valued at about $248,000. Deutsche Bank AG bought a new position in shares of First Northern Community Bancorp during the 2nd quarter worth approximately $263,000. Bank of New York Mellon Corp purchased a new position in shares of First Northern Community Bancorp in the 2nd quarter worth approximately $654,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of First Northern Community Bancorp during the second quarter valued at approximately $1,205,000. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in shares of First Northern Community Bancorp during the second quarter valued at approximately $6,883,000. 17.86% of the stock is currently owned by institutional investors and hedge funds.

About First Northern Community Bancorp

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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