First Northern Community Bancorp (NASDAQ:FNRN) Stock Rating Upgraded by Wall Street Zen

First Northern Community Bancorp (NASDAQ:FNRN) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, 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. One analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company has an average rating of “Buy”.

First Northern Community Bancorp Price Performance

NASDAQ FNRN opened at $17.11 on Friday. The business’s 50 day moving average price is $17.08. First Northern Community Bancorp has a 52 week low of $12.76 and a 52 week high of $19.25. The firm has a market cap of $280.60 million, a PE ratio of 12.46 and a beta of 0.04.

First Northern Community Bancorp (NASDAQ:FNRN) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.38 EPS for the quarter. First Northern Community Bancorp had a net margin of 24.97% and a return on equity of 10.65%. The company had revenue of $21.00 million during the quarter.

Insiders Place Their Bets

In other news, Director Richard M. Martinez sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $17.51, for a total value of $35,020.00. Following the completion of the transaction, the director owned 72,252 shares of the company’s stock, valued at approximately $1,265,132.52. This trade represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark C. Schulze sold 5,250 shares of First Northern Community Bancorp stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $17.06, for a total value of $89,565.00. Following the completion of the transaction, the director owned 731,039 shares in the company, valued at $12,471,525.34. This trade represents a 0.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 12,000 shares of company stock valued at $210,728. 11.92% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FNRN. State Street Corp purchased a new position in First Northern Community Bancorp in the 2nd quarter worth about $3,247,000. Squarepoint Ops LLC bought a new stake in shares of First Northern Community Bancorp in the second quarter valued at about $300,000. Arcus Capital Partners LLC bought a new position in shares of First Northern Community Bancorp during the 2nd quarter worth approximately $269,000. Allworth Financial LP bought a new stake in shares of First Northern Community Bancorp during the 2nd quarter valued at $248,000. Finally, Citadel Advisors LLC acquired a new position in shares of First Northern Community Bancorp in the second quarter valued at approximately $253,000. 17.86% of the stock is currently owned by institutional investors.

About First Northern Community Bancorp

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.