67,180 Shares in First Northern Community Bancorp $FNRN Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. acquired a new stake in First Northern Community Bancorp (NASDAQ:FNRN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 67,180 shares of the company’s stock, valued at approximately $1,205,000. Northwestern Mutual Wealth Management Co. owned about 0.41% of First Northern Community Bancorp as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of FNRN. Legal & General Group Plc acquired a new position in shares of First Northern Community Bancorp in the 2nd quarter worth approximately $26,000. Allworth Financial LP bought a new stake in shares of First Northern Community Bancorp in the 2nd quarter valued at approximately $248,000. Deutsche Bank AG acquired a new stake in shares of First Northern Community Bancorp during the 2nd quarter valued at approximately $263,000. Bank of New York Mellon Corp acquired a new stake in shares of First Northern Community Bancorp during the 2nd quarter valued at approximately $654,000. Finally, Focus Partners Advisor Solutions LLC bought a new position in First Northern Community Bancorp during the second quarter worth $6,883,000. Institutional investors and hedge funds own 17.86% of the company’s stock.

First Northern Community Bancorp Stock Up 0.1%

First Northern Community Bancorp stock opened at $17.35 on Friday. First Northern Community Bancorp has a one year low of $11.97 and a one year high of $19.25. The business’s 50-day moving average price is $17.75. The company has a market capitalization of $284.45 million and a price-to-earnings ratio of 12.81.

Insider Activity

In other news, Director Richard M. Martinez sold 2,000 shares of First Northern Community Bancorp stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $17.51, for a total transaction of $35,020.00. Following the sale, the director owned 72,252 shares of the company’s stock, valued at approximately $1,265,132.52. The trade was a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark C. Schulze sold 5,250 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $12,471,525.34. This represents a 0.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 12,000 shares of company stock valued at $210,728. 11.92% of the stock is owned by insiders.

Wall Street Analyst Weigh In

FNRN has been the subject of a number of research reports. Wall Street Zen downgraded shares of First Northern Community Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings downgraded shares of First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

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.