Key Points
- Director Mark Schulze sold 2,000 shares at an average $17.50, totaling $35,000, under a pre-arranged Rule 10b5-1 plan. He retained 727,921 shares after the sale.
- First Northern reported quarterly earnings of $0.38 per share on $21 million in revenue, with a 24.97% net margin and 10.65% return on equity.
- Analyst views remain broadly positive: MarketBeat lists a consensus Buy rating, while institutional investors and hedge funds own 17.86% of the stock.
First Northern Community Bancorp (NASDAQ:FNRN - Get Free Report) Director Mark Schulze sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $17.50, for a total transaction of $35,000.00. Following the transaction, the director directly owned 727,921 shares of the company's stock, valued at $12,738,617.50. This represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
First Northern Community Bancorp Stock Performance
Shares of NASDAQ FNRN opened at $17.89 on Friday. The company's 50 day simple moving average is $17.11. The firm has a market cap of $293.31 million, a PE ratio of 13.03 and a beta of 0.04. First Northern Community Bancorp has a 12 month low of $12.91 and a 12 month high of $19.25.
First Northern Community Bancorp (NASDAQ:FNRN - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.38 EPS for the quarter. The business had revenue of $21.00 million for the quarter. First Northern Community Bancorp had a net margin of 24.97% and a return on equity of 10.65%.
Institutional Trading of First Northern Community Bancorp
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc purchased a new position in First Northern Community Bancorp during the second quarter valued at approximately $26,000. Allworth Financial LP acquired a new position in First Northern Community Bancorp in the second quarter valued at approximately $248,000. Citadel Advisors LLC acquired a new position in First Northern Community Bancorp in the second quarter valued at approximately $253,000. Deutsche Bank AG acquired a new position in First Northern Community Bancorp in the second quarter valued at approximately $263,000. Finally, Arcus Capital Partners LLC purchased a new stake in First Northern Community Bancorp in the 2nd quarter worth approximately $269,000. 17.86% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have commented on FNRN shares. 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. Wall Street Zen raised First Northern Community Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, October 31st. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, First Northern Community Bancorp has a consensus rating of "Buy".
Read Our Latest Research Report on First Northern Community Bancorp
About First Northern Community Bancorp
(
Get Free Report)
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.
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