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

First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze sold 1,118 shares of First Northern Community Bancorp stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $17.40, for a total value of $19,453.20. Following the transaction, the director owned 729,921 shares of the company’s stock, valued at $12,700,625.40. This trade represents a 0.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

First Northern Community Bancorp Price Performance

Shares of FNRN opened at $17.51 on Friday. The company has a market cap of $287.16 million, a price-to-earnings ratio of 12.92 and a beta of 0.01. First Northern Community Bancorp has a 52 week low of $11.40 and a 52 week high of $19.25. The business’s 50 day moving average is $17.96.

Institutional Investors Weigh In On First Northern Community Bancorp

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of First Northern Community Bancorp to a “hold” rating in a report on Saturday, May 30th. 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 analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock 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.