First Northern Community Bancorp (NASDAQ:FNRN) Short Interest Update

First Northern Community Bancorp (NASDAQ:FNRN) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 12,595 shares, an increase of 27,280.4% from the April 15th total of 46 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 23,669 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of First Northern Community Bancorp in a report on Monday, May 4th. They set a “hold (c)” rating for the company. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, First Northern Community Bancorp has an average rating of “Hold”.

First Northern Community Bancorp Trading Down 0.3%

Shares of NASDAQ FNRN opened at $17.80 on Wednesday. First Northern Community Bancorp has a fifty-two week low of $9.70 and a fifty-two week high of $17.99. The stock has a market cap of $292.10 million, a P/E ratio of 12.77 and a beta of 0.01.

Insiders Place Their Bets

In other First Northern Community Bancorp news, Director Mark C. Schulze sold 3,000 shares of First Northern Community Bancorp stock in a transaction on Friday, May 8th. The shares were sold at an average price of $17.78, for a total value of $53,340.00. Following the completion of the transaction, the director owned 741,921 shares of the company’s stock, valued at $13,191,355.38. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Kevin Spink sold 8,271 shares of First Northern Community Bancorp stock in a transaction on Monday, May 4th. The stock was sold at an average price of $17.04, for a total transaction of $140,937.84. Following the completion of the transaction, the chief financial officer directly owned 45,962 shares of the company’s stock, valued at approximately $783,192.48. This represents a 15.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 11.92% 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.