Mark Schulze Sells 1,118 Shares of First Northern Community Bancorp (NASDAQ:FNRN) Stock

Key Points

• Director Mark Schulze sold 1,118 FNRN shares at an average price of $17.40, generating $19,453.20; his remaining stake is 729,921 shares valued at about $12.7 million.
• First Northern Community Bancorp shares fell 0.5% to $17.25, with a market capitalization of approximately $282.8 million and a 52-week trading range of $11.40 to $19.25.
• Analyst sentiment remains generally positive, with MarketBeat reporting an average “Buy” rating, while institutional ownership stands at 17.86% following new stakes from firms including BlackRock and Northwestern Mutual.

First Northern Community Bancorp (NASDAQ:FNRN - Get Free Report) Director Mark Schulze sold 1,118 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $17.40, for a total value of $19,453.20. Following the sale, the director owned 729,921 shares in the company, valued at approximately $12,700,625.40. The trade was a 0.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

First Northern Community Bancorp Trading Down 0.5%

Shares of FNRN traded down $0.09 during midday trading on Wednesday, hitting $17.25. The stock had a trading volume of 71,748 shares, compared to its average volume of 91,811. The stock's 50-day moving average price is $17.95. The company has a market capitalization of $282.81 million, a price-to-earnings ratio of 12.73 and a beta of 0.01. First Northern Community Bancorp has a fifty-two week low of $11.40 and a fifty-two week high of $19.25.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings lowered First Northern Community Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday, July 17th. Wall Street Zen raised 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 MarketBeat.com, the stock has an average rating of "Buy".

Institutional Trading of First Northern Community Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in First Northern Community Bancorp during the second quarter valued at $1,205,000. Allworth Financial LP purchased a new stake in shares of First Northern Community Bancorp during the 2nd quarter worth about $248,000. BlackRock Inc. purchased a new stake in shares of First Northern Community Bancorp during the 2nd quarter worth about $18,860,000. Deutsche Bank AG acquired a new stake in shares of First Northern Community Bancorp during the 2nd quarter valued at about $263,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of First Northern Community Bancorp during the 2nd quarter valued at about $654,000. 17.86% of the stock is currently owned by hedge funds and other institutional investors.

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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