First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze Sells 3,000 Shares

First Northern Community Bancorp (NASDAQ:FNRN) Director Mark Schulze sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $18.40, for a total value of $55,200.00. Following the completion of the sale, the director directly owned 736,921 shares of the company’s stock, valued at approximately $13,559,346.40. This represents a 0.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

First Northern Community Bancorp Price Performance

Shares of NASDAQ FNRN opened at $17.81 on Friday. The company has a market capitalization of $292.26 million, a PE ratio of 13.15 and a beta of 0.01. First Northern Community Bancorp has a one year low of $11.03 and a one year high of $19.25. The company’s 50 day simple moving average is $17.95.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FNRN. Weiss Ratings cut shares of First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Wall Street Zen upgraded shares of First Northern Community Bancorp to a “hold” rating in a research report on Saturday, May 30th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Institutional Trading of First Northern Community Bancorp

An institutional investor recently bought a new stake in First Northern Community Bancorp stock. Bank of New York Mellon Corp purchased a new stake in shares of First Northern Community Bancorp (NASDAQ:FNRN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 36,447 shares of the company’s stock, valued at approximately $654,000. Bank of New York Mellon Corp owned 0.22% of First Northern Community Bancorp as of its most recent SEC filing. 17.86% of the stock is currently owned by institutional investors.

First Northern Community Bancorp Company Profile

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.