First Northern Community Bancorp (NASDAQ:FNRN) Stock: Insider Mark Schulze Sells 2,000 Shares

First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $17.50, for a total transaction of $35,000.00. Following the sale, the director directly owned 727,921 shares of the company’s stock, valued at approximately $12,738,617.50. This trade represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

First Northern Community Bancorp Price Performance

Shares of FNRN stock traded down $0.46 during mid-day trading on Thursday, hitting $17.89. The company had a trading volume of 106,228 shares, compared to its average volume of 62,706. First Northern Community Bancorp has a 52-week low of $12.91 and a 52-week high of $19.25. The company has a 50 day simple moving average of $17.11. The stock has a market capitalization of $293.40 million, a P/E ratio of 13.37 and a beta of 0.04.

First Northern Community Bancorp (NASDAQ:FNRN) last issued its earnings results on Thursday, October 29th. The company reported $0.38 earnings per share for the quarter. The firm 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 10.65%.

Wall Street Analysts Forecast Growth

Several analysts have commented on FNRN shares. Wall Street Zen upgraded shares of First Northern Community Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 31st. Weiss Ratings lowered First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 9th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, First Northern Community Bancorp currently has a consensus rating of “Buy”.

Institutional Trading of First Northern Community Bancorp

Large investors have recently added to or reduced their stakes in the company. State Street Corp bought a new position in shares of First Northern Community Bancorp during the 2nd quarter valued at approximately $3,247,000. Squarepoint Ops LLC purchased a new position in shares of First Northern Community Bancorp in the second quarter valued at $300,000. Arcus Capital Partners LLC bought a new stake in First Northern Community Bancorp in the second quarter worth $269,000. Allworth Financial LP bought a new stake in First Northern Community Bancorp in the second quarter worth $248,000. Finally, Citadel Advisors LLC bought a new stake in First Northern Community Bancorp in the second quarter worth $253,000. 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.