First Northern Community Bancorp (NASDAQ:FNRN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of First Northern Community Bancorp (NASDAQ:FNRN) from a sell rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings lowered shares of First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 9th. One research analyst has rated the stock with a Buy rating. According to MarketBeat, the company presently has an average rating of “Buy”.

First Northern Community Bancorp Trading Up 2.7%

NASDAQ FNRN opened at $17.57 on Friday. The stock’s fifty day moving average price is $17.08. First Northern Community Bancorp has a 52 week low of $12.76 and a 52 week high of $19.25. The firm has a market capitalization of $288.15 million and a PE ratio of 12.39.

First Northern Community Bancorp (NASDAQ:FNRN) last announced its earnings results on Thursday, October 29th. The company reported $0.38 earnings per share for the quarter. The business had revenue of $21.00 million during the quarter. First Northern Community Bancorp had a net margin of 24.97% and a return on equity of 10.68%.

Insider Buying and Selling at First Northern Community Bancorp

In other First Northern Community Bancorp news, Director Richard M. Martinez sold 2,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $17.51, for a total transaction of $35,020.00. Following the completion of the transaction, the director directly owned 72,252 shares of the company’s stock, valued at $1,265,132.52. This trade represents a 2.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark C. Schulze sold 5,250 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $17.06, for a total transaction of $89,565.00. Following the completion of the sale, the director directly owned 731,039 shares of the company’s stock, valued at $12,471,525.34. The trade was a 0.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 9,000 shares of company stock worth $155,528 over the last ninety days. 11.92% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On First Northern Community Bancorp

Several large investors have recently modified their holdings of FNRN. BlackRock Inc. bought a new position in First Northern Community Bancorp during the 2nd quarter worth approximately $18,860,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of First Northern Community Bancorp in the 2nd quarter worth approximately $6,883,000. State Street Corp acquired a new position in shares of First Northern Community Bancorp in the 2nd quarter worth approximately $3,247,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of First Northern Community Bancorp in the 2nd quarter valued at approximately $1,205,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of First Northern Community Bancorp in the 2nd quarter valued at approximately $654,000. 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 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.