First Northern Community Bancorp (NASDAQ:FNRN) Stock Jumps 0.8% – Should You Buy?

First Northern Community Bancorp (NASDAQ:FNRN)’s stock price traded up 0.8% on Friday. The stock traded as high as $17.37 and last traded at $17.11. 67,535 shares were traded during mid-day trading, an increase of 10% from the average session volume of 61,157 shares. The stock had previously closed at $16.98.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FNRN shares. Wall Street Zen upgraded shares of First Northern Community Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings lowered shares of First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 9th. One analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of “Buy”.

First Northern Community Bancorp Price Performance

The company’s 50 day moving average price is $17.08. The stock has a market cap of $280.60 million and a P/E ratio of 12.46.

First Northern Community Bancorp (NASDAQ:FNRN) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.38 earnings per share for the quarter. First Northern Community Bancorp had a return on equity of 10.68% and a net margin of 24.97%. The business had revenue of $21.00 million for the quarter.

Insider Buying and Selling

In other news, Director Mark 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 transaction of $89,565.00. Following the completion of the sale, the director owned 731,039 shares in the company, valued at $12,471,525.34. The trade was a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard Martinez sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $17.51, for a total value of $35,020.00. Following the transaction, the director directly owned 72,252 shares in the company, valued at $1,265,132.52. The trade was a 2.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,000 shares of company stock valued at $210,728 in the last three months. Insiders own 11.92% of the company’s stock.

Institutional Trading of First Northern Community Bancorp

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of First Northern Community Bancorp in the second quarter valued at $18,860,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of First Northern Community Bancorp during the second quarter worth about $6,883,000. State Street Corp bought a new stake in shares of First Northern Community Bancorp during the second quarter worth about $3,247,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of First Northern Community Bancorp during the second quarter worth about $1,205,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of First Northern Community Bancorp in the 2nd quarter worth about $654,000. Institutional investors and hedge funds own 17.86% of the company’s stock.

First Northern Community Bancorp Company Profile

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.