First Northern Community Bancorp (NASDAQ:FNRN) Director Jean-Luc Servat Acquires 1,000 Shares

First Northern Community Bancorp (NASDAQ:FNRN) Director Jean-Luc Servat bought 1,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were acquired at an average price of $17.29 per share, for a total transaction of $17,290.00. Following the transaction, the director owned 5,635 shares in the company, valued at approximately $97,429.15. This represents a 21.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Jean-Luc Servat also recently made the following trade(s):

• On Wednesday, August 5th, Jean-Luc Servat bought 500 shares of First Northern Community Bancorp stock. The shares were acquired at an average cost of $18.32 per share, for a total transaction of $9,160.00.

First Northern Community Bancorp Trading Down 0.5%

NASDAQ FNRN opened at $17.25 on Thursday. First Northern Community Bancorp has a 1-year low of $11.40 and a 1-year high of $19.25. The company has a 50 day simple moving average of $17.95. The firm has a market capitalization of $282.90 million, a P/E ratio of 12.73 and a beta of 0.01.

Hedge Funds Weigh In On First Northern Community Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of First Northern Community Bancorp during the 2nd quarter worth approximately $1,205,000. BlackRock Inc. acquired a new stake in shares of First Northern Community Bancorp during the 2nd quarter worth approximately $18,860,000. Deutsche Bank AG bought a new position in First Northern Community Bancorp in the second quarter valued at approximately $263,000. Bank of New York Mellon Corp bought a new position in First Northern Community Bancorp in the second quarter valued at approximately $654,000. Finally, Allworth Financial LP acquired a new position in First Northern Community Bancorp during the second quarter valued at approximately $248,000. 17.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FNRN. Wall Street Zen raised First Northern Community Bancorp to a “hold” rating in a report on Saturday, May 30th. Weiss Ratings lowered First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus 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.