First Northern Community Bancorp (NASDAQ:FNRN) Announces Quarterly Earnings Results

First Northern Community Bancorp (NASDAQ:FNRN) issued its quarterly earnings results on Thursday. The company reported $0.38 earnings per share for the quarter, Zacks reports. First Northern Community Bancorp had a net margin of 24.97% and a return on equity of 10.68%. The firm had revenue of $21.00 million during the quarter.

First Northern Community Bancorp Price Performance

Shares of NASDAQ FNRN traded up $0.13 during trading hours on Friday, hitting $17.11. The company had a trading volume of 67,535 shares, compared to its average volume of 61,157. The stock has a market capitalization of $280.52 million and a PE ratio of 12.63. First Northern Community Bancorp has a 1-year low of $12.76 and a 1-year high of $19.25. The firm’s 50 day moving average price is $17.08.

Insider Buying and Selling at First Northern Community Bancorp

In other news, Director Mark C. Schulze sold 5,250 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were 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 in the company, valued at approximately $12,471,525.34. The trade was a 0.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard M. Martinez sold 2,000 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $17.51, for a total transaction of $35,020.00. Following the transaction, the director directly owned 72,252 shares in the company, valued at $1,265,132.52. This trade represents a 2.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,000 shares of company stock valued at $210,728 in the last ninety days. Insiders own 11.92% of the company’s stock.

Wall Street Analyst Weigh In

FNRN has been the subject of several recent analyst reports. Wall Street Zen upgraded First Northern Community Bancorp from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings cut 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. According to MarketBeat.com, First Northern Community Bancorp presently has an average rating of “Buy”.

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.