First Northern Community Bancorp (NASDAQ:FNRN) Share Price Breaks Above 50-Day Moving Average – Time to Sell?

First Northern Community Bancorp (NASDAQ:FNRN)’s stock price crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $17.08 and traded as high as $17.37. First Northern Community Bancorp shares last traded at $17.11, with a volume of 67,535 shares traded.

Wall Street Analysts Forecast Growth

FNRN has been the subject of a number of recent research reports. Wall Street Zen upgraded First Northern Community Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings cut First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 9th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

First Northern Community Bancorp Trading Up 0.8%

The firm has a market capitalization of $280.52 million and a price-to-earnings ratio of 12.63. The business’s 50 day moving average price is $17.08.

Insider Transactions at First Northern Community Bancorp

In other First Northern Community Bancorp news, Director Richard Martinez sold 2,000 shares of First Northern Community Bancorp stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $17.51, for a total transaction of $35,020.00. Following the sale, the director directly owned 72,252 shares of the company’s stock, valued at approximately $1,265,132.52. The trade was a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Schulze sold 5,250 shares of First Northern Community Bancorp 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 sale, the director directly 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 SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 12,000 shares of company stock valued at $210,728. Corporate insiders own 11.92% of the company’s stock.

Institutional Trading of First Northern Community Bancorp

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