Mark Schulze Sells 5,250 Shares of First Northern Community Bancorp (NASDAQ:FNRN) Stock

First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze sold 5,250 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $17.06, for a total transaction of $89,565.00. Following the sale, the director owned 731,039 shares of the company’s stock, valued at $12,471,525.34. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

First Northern Community Bancorp Stock Down 0.5%

Shares of First Northern Community Bancorp stock traded down $0.09 on Wednesday, reaching $17.25. 71,748 shares of the company traded hands, compared to its average volume of 127,089. The business has a 50 day moving average of $17.95. First Northern Community Bancorp has a 52 week low of $11.40 and a 52 week high of $19.25. The stock has a market cap of $282.90 million, a price-to-earnings ratio of 12.80 and a beta of 0.01.

Institutional Investors Weigh In On First Northern Community Bancorp

Several hedge funds have recently bought and sold shares of the stock. Allworth Financial LP purchased a new position in shares of First Northern Community Bancorp during the 2nd quarter valued at about $248,000. Deutsche Bank AG bought a new stake in shares of First Northern Community Bancorp in the second quarter worth about $263,000. Bank of New York Mellon Corp bought a new stake in shares of First Northern Community Bancorp in the 2nd quarter worth approximately $654,000. Northwestern Mutual Wealth Management Co. purchased a new position in First Northern Community Bancorp during the 2nd quarter valued at $1,205,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in shares of First Northern Community Bancorp during the second quarter valued at about $6,883,000. 17.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen raised First Northern Community Bancorp to a “hold” rating in a research report on Saturday, May 30th. 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. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, First Northern Community Bancorp presently has an average rating of “Buy”.

About First Northern Community Bancorp

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.