Richard Martinez Sells 2,000 Shares of First Northern Community Bancorp (NASDAQ:FNRN) Stock

First Northern Community Bancorp (NASDAQ:FNRN) Director Richard Martinez sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $17.51, for a total value of $35,020.00. Following the completion of the transaction, the director owned 72,252 shares in the company, valued at $1,265,132.52. This represents a 2.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

First Northern Community Bancorp Stock Performance

FNRN stock opened at $17.55 on Friday. The firm has a market capitalization of $287.82 million, a PE ratio of 12.95 and a beta of 0.01. The stock’s 50 day moving average is $17.97. First Northern Community Bancorp has a 52 week low of $11.40 and a 52 week high of $19.25.

Institutional Investors Weigh In On First Northern Community Bancorp

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in First Northern Community Bancorp in the second quarter worth approximately $18,860,000. Focus Partners Advisor Solutions LLC acquired a new stake in First Northern Community Bancorp in the second quarter valued at approximately $6,883,000. Northwestern Mutual Wealth Management Co. acquired a new stake in First Northern Community Bancorp in the second quarter valued at approximately $1,205,000. Bank of New York Mellon Corp bought a new stake in First Northern Community Bancorp in the second quarter worth approximately $654,000. Finally, Deutsche Bank AG bought a new stake in First Northern Community Bancorp in the second quarter worth approximately $263,000. Institutional investors own 17.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FNRN. Wall Street Zen lowered shares of First Northern Community Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings downgraded shares of First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company 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 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.