Key Points
- Director Greg Dupratt sold 1,000 shares at $17 each, totaling $17,000. He retained 132,561 shares after the sale, a 0.75% reduction in his holdings.
- First Northern Community Bancorp reported quarterly earnings of $0.38 per share on $21 million in revenue, with a 24.39% net margin.
- Analyst ratings were generally positive: MarketBeat reported an average Buy rating, following upgrades from Weiss Ratings and Wall Street Zen.
First Northern Community Bancorp (NASDAQ:FNRN - Get Free Report) Director Greg Dupratt sold 1,000 shares of First Northern Community Bancorp stock in a transaction 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 owned 132,561 shares in the company, valued at approximately $2,253,537. This trade represents a 0.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
First Northern Community Bancorp Trading Up 0.6%
FNRN stock opened at $17.00 on Friday. The firm has a market cap of $276.93 million, a P/E ratio of 12.38 and a beta of 0.04. The business's fifty day moving average price is $17.11. First Northern Community Bancorp has a 52 week low of $13.05 and a 52 week high of $19.25.
First Northern Community Bancorp (NASDAQ:FNRN - Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported $0.38 earnings per share for the quarter. First Northern Community Bancorp had a return on equity of 10.73% and a net margin of 24.39%. The firm had revenue of $21.00 million for the quarter.
Institutional Investors Weigh In On First Northern Community Bancorp
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FNRN. First Trust Advisors LP acquired a new position in First Northern Community Bancorp in the 3rd quarter worth $1,106,000. State Street Corp increased its position in shares of First Northern Community Bancorp by 48.7% during the third quarter. State Street Corp now owns 269,185 shares of the company's stock worth $4,652,000 after acquiring an additional 88,211 shares during the last quarter. Allworth Financial LP lifted its stake in shares of First Northern Community Bancorp by 99.6% in the third quarter. Allworth Financial LP now owns 27,642 shares of the company's stock worth $496,000 after acquiring an additional 13,795 shares in the last quarter. Squarepoint Ops LLC purchased a new position in First Northern Community Bancorp in the second quarter valued at about $300,000. Finally, Arcus Capital Partners LLC acquired a new stake in First Northern Community Bancorp during the 2nd quarter valued at approximately $269,000. Hedge funds and other institutional investors own 17.86% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Weiss Ratings upgraded First Northern Community Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a report on Monday. 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 research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, First Northern Community Bancorp has an average rating of "Buy".
View Our Latest 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 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.
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