Key Points
- Director Mark Schulze sold 3,000 shares of First Northern Community Bancorp at an average price of $18.40, generating $55,200. He retained 736,921 shares after the transaction.
- FNRN shares opened at $17.81, with a market capitalization of approximately $292.3 million and a 52-week trading range of $11.03 to $19.25.
- Bank of New York Mellon acquired 36,447 shares during the second quarter, while institutional investors collectively held 17.86% of the company. Analysts maintained an overall “Buy” rating, despite some recent rating adjustments.
First Northern Community Bancorp (NASDAQ:FNRN - Get Free Report) Director Mark Schulze sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $18.40, for a total value of $55,200.00. Following the transaction, the director owned 736,921 shares in the company, valued at approximately $13,559,346.40. This represents a 0.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
First Northern Community Bancorp Trading Down 2.0%
NASDAQ:FNRN opened at $17.81 on Friday. The firm has a fifty day moving average of $17.95. The company has a market capitalization of $292.26 million, a PE ratio of 13.15 and a beta of 0.01. First Northern Community Bancorp has a twelve month low of $11.03 and a twelve month high of $19.25.
Institutional Investors Weigh In On First Northern Community Bancorp
A hedge fund recently bought a new position in First Northern Community Bancorp stock. Bank of New York Mellon Corp bought a new position in First Northern Community Bancorp (NASDAQ:FNRN - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 36,447 shares of the company's stock, valued at approximately $654,000. Bank of New York Mellon Corp owned about 0.22% of First Northern Community Bancorp at the end of the most recent quarter. Institutional investors and hedge funds own 17.86% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Wall Street Zen raised First Northern Community Bancorp to a "hold" rating in a research note on Saturday, May 30th. Weiss Ratings cut shares of First Northern Community Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, First Northern Community Bancorp has an average rating of "Buy".
View Our Latest Stock Analysis on First Northern Community Bancorp
First Northern Community Bancorp Company Profile
(
Get Free Report)
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.
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