Insider Selling: First Northern Community Bancorp (NASDAQ:FNRN) Director Sells $55,200.00 in Stock

First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze sold 3,000 shares of First Northern Community Bancorp stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $18.40, for a total value of $55,200.00. Following the transaction, the director owned 736,921 shares in the company, valued at approximately $13,559,346.40. This represents a 0.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

First Northern Community Bancorp Stock Down 6.9%

Shares of FNRN stock opened at $16.59 on Friday. The stock’s 50-day moving average price is $17.94. First Northern Community Bancorp has a 12 month low of $11.09 and a 12 month high of $19.25. The stock has a market capitalization of $272.24 million, a P/E ratio of 12.25 and a beta of 0.01.

Analyst Ratings Changes

A number of analysts recently issued reports on FNRN shares. Weiss Ratings downgraded First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Wall Street Zen raised shares of First Northern Community Bancorp to a “hold” rating in a research note on Saturday, May 30th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, First Northern Community Bancorp has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in First Northern Community Bancorp during the 2nd quarter worth approximately $18,860,000. Focus Partners Advisor Solutions LLC purchased a new position in First Northern Community Bancorp in the 2nd quarter valued at approximately $6,883,000. Bank of New York Mellon Corp purchased a new position in First Northern Community Bancorp in the 2nd quarter valued at approximately $654,000. Finally, Deutsche Bank AG purchased a new position in First Northern Community Bancorp in the 2nd quarter valued at approximately $263,000. Hedge funds and other institutional investors own 17.86% of the company’s stock.

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.