Key Points
- Director Mark Schulze sold 4,000 shares for $66,640 at an average price of $16.66, reducing his stake by 0.55%; he retained 722,421 shares.
- FNRN shares recently traded at $17.30, up 1.8% on the day. The company reported quarterly EPS of $0.38 and revenue of $21 million.
- Analyst sentiment is broadly positive: MarketBeat reports a consensus “Buy” rating, while Weiss upgraded its rating and Wall Street Zen moved its view from “sell” to “hold.”
First Northern Community Bancorp (NASDAQ:FNRN - Get Free Report) Director Mark Schulze 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 $16.68, for a total value of $16,680.00. Following the transaction, the director owned 726,421 shares in the company, valued at approximately $12,116,702.28. This trade represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
First Northern Community Bancorp Trading Up 1.8%
Shares of FNRN stock traded up $0.30 during mid-day trading on Friday, hitting $17.30. 156,412 shares of the stock traded hands, compared to its average volume of 126,599. First Northern Community Bancorp has a twelve month low of $13.05 and a twelve month high of $19.25. The stock's 50-day simple moving average is $17.11. The stock has a market capitalization of $281.82 million, a price-to-earnings ratio of 12.60 and a beta of 0.04.
First Northern Community Bancorp (NASDAQ:FNRN - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $21.00 million during the quarter.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. Weiss Ratings upgraded shares of First Northern Community Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a research report on Monday, November 9th. Wall Street Zen raised shares of First Northern Community Bancorp from a "sell" rating to a "hold" rating in a report on Saturday. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has an average rating of "Buy".
Read Our Latest Analysis on First Northern Community Bancorp
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Fourthstone LLC increased its holdings in shares of First Northern Community Bancorp by 35.2% in the third quarter. Fourthstone LLC now owns 1,554,776 shares of the company's stock valued at $26,867,000 after buying an additional 404,716 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of First Northern Community Bancorp during the 2nd quarter valued at $18,860,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of First Northern Community Bancorp during the 2nd quarter valued at $6,883,000. State Street Corp boosted its stake in shares of First Northern Community Bancorp by 48.7% during the 3rd 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 in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of First Northern Community Bancorp during the 2nd quarter worth $1,205,000. Institutional investors and hedge funds own 17.86% of the company's stock.
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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