Insider Selling: First Northern Community Bancorp (NASDAQ:FNRN) Director Sells 1,000 Shares of Stock

First Northern Community Bancorp (NASDAQ:FNRN) Director Greg Dupratt sold 1,000 shares of First Northern Community Bancorp stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $17.00, for a total transaction of $17,000.00. Following the completion of the transaction, the director directly owned 132,561 shares in the company, valued at $2,253,537. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

First Northern Community Bancorp Trading Up 0.6%

NASDAQ FNRN traded up $0.10 on Thursday, hitting $17.00. 234,417 shares of the company’s stock were exchanged, compared to its average volume of 117,650. The business has a 50-day moving average price of $17.11. First Northern Community Bancorp has a 52 week low of $13.05 and a 52 week high of $19.25. The company has a market cap of $276.93 million, a PE ratio of 12.31 and a beta of 0.04.

First Northern Community Bancorp (NASDAQ:FNRN) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.38 earnings per share (EPS) for the quarter. First Northern Community Bancorp had a return on equity of 10.73% and a net margin of 24.39%. The company had revenue of $21.00 million for the quarter.

Wall Street Analysts Forecast Growth

FNRN has been the topic of several research analyst reports. Wall Street Zen raised First Northern Community Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 31st. Weiss Ratings raised First Northern Community Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, First Northern Community Bancorp presently has a consensus rating of “Buy”.

Institutional Trading of First Northern Community Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc acquired a new position in shares of First Northern Community Bancorp during the second quarter worth $26,000. Allworth Financial LP bought a new position in shares of First Northern Community Bancorp in the 2nd quarter valued at $248,000. Citadel Advisors LLC bought a new position in shares of First Northern Community Bancorp in the 2nd quarter valued at $253,000. Deutsche Bank AG acquired a new stake in shares of First Northern Community Bancorp during the 2nd quarter valued at $263,000. Finally, Arcus Capital Partners LLC acquired a new stake in shares of First Northern Community Bancorp during the 2nd quarter valued at $269,000. Institutional investors own 17.86% of the company’s stock.

First Northern Community Bancorp Company Profile

First Northern Community Bancorp is the bank holding company for First Northern Bank, a community bank headquartered in Dixon, California. The bank traces its roots to 1910 and serves individuals, businesses and organizations in Northern California. Its services include checking and savings accounts, certificates of deposit, consumer and business loans, commercial real estate financing, and banking services for businesses. Customers can also access digital banking tools and cash-management services.