Key Points
- Director Richard Martinez sold 2,000 FNRN shares at an average price of $17.51, generating $35,020. Following the transaction, he retained 72,252 shares, a 2.69% reduction in his ownership.
- First Northern Community Bancorp shares opened at $17.55, with a market capitalization of approximately $287.8 million, a P/E ratio of 12.95, and a 52-week trading range of $11.40 to $19.25.
- Institutional ownership stands at 17.86%, with several firms establishing new positions in the second quarter. Analyst views are mixed, but MarketBeat reports a consensus “Buy” rating.
First Northern Community Bancorp (NASDAQ:FNRN - Get Free Report) Director Richard Martinez sold 2,000 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $17.51, for a total transaction of $35,020.00. Following the transaction, the director owned 72,252 shares in the company, valued at approximately $1,265,132.52. The trade was a 2.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
First Northern Community Bancorp Trading Up 0.2%
Shares of FNRN stock opened at $17.55 on Friday. The company's 50 day simple moving average is $17.97. The stock has a market capitalization of $287.82 million, a price-to-earnings ratio of 12.95 and a beta of 0.01. First Northern Community Bancorp has a 52-week low of $11.40 and a 52-week high of $19.25.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in FNRN. Legal & General Group Plc purchased a new stake in First Northern Community Bancorp in the second quarter valued at about $26,000. Allworth Financial LP acquired a new stake in First Northern Community Bancorp in the 2nd quarter worth approximately $248,000. Deutsche Bank AG acquired a new position in First Northern Community Bancorp during the 2nd quarter valued at approximately $263,000. Bank of New York Mellon Corp purchased a new position in shares of First Northern Community Bancorp in the second quarter worth $654,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of First Northern Community Bancorp during the second quarter valued at $1,205,000. 17.86% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have commented on FNRN. 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. Wall Street Zen downgraded shares of First Northern Community Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, First Northern Community Bancorp presently has a consensus rating of "Buy".
Read Our Latest Stock Report on FNRN
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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