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

First Northern Community Bancorp (NASDAQ:FNRN) 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 transaction of $35,020.00. Following the completion of the transaction, the director 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 is available at this hyperlink.

First Northern Community Bancorp Stock Performance

FNRN opened at $17.55 on Friday. The stock has a market cap of $287.82 million, a PE ratio of 12.95 and a beta of 0.01. The company’s fifty day moving average price is $17.97. First Northern Community Bancorp has a fifty-two week low of $11.40 and a fifty-two week high of $19.25.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen cut First Northern Community Bancorp from a “hold” rating to a “sell” rating in a 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 report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, First Northern Community Bancorp has an average rating of “Buy”.

Hedge Funds Weigh In On First Northern Community Bancorp

Several hedge funds have recently added to or reduced their stakes in FNRN. Legal & General Group Plc purchased a new position in shares of First Northern Community Bancorp during the second quarter valued at approximately $26,000. Allworth Financial LP purchased a new stake in First Northern Community Bancorp in the second quarter worth $248,000. Deutsche Bank AG purchased a new stake in shares of First Northern Community Bancorp during the second quarter valued at $263,000. Bank of New York Mellon Corp purchased a new position in First Northern Community Bancorp in the 2nd quarter worth about $654,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in First Northern Community Bancorp during the 2nd quarter valued at about $1,205,000. 17.86% of the stock is currently owned by institutional investors.

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.