Wall Street Zen Downgrades First Northern Community Bancorp (NASDAQ:FNRN) to Sell

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

Separately, 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. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

First Northern Community Bancorp Price Performance

Shares of FNRN opened at $17.55 on Friday. The stock has a market cap of $287.82 million, a PE ratio of 12.95 and a beta of 0.01. First Northern Community Bancorp has a 1 year low of $11.40 and a 1 year high of $19.25. The business’s 50 day moving average price is $17.97.

Insider Activity at First Northern Community Bancorp

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 stock was sold at an average price of $17.51, for a total value of $35,020.00. Following the completion of the sale, the director directly owned 72,252 shares of the company’s stock, valued at $1,265,132.52. This trade represents a 2.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark C. Schulze sold 5,250 shares of the firm’s 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 sale, the director directly owned 731,039 shares of the company’s stock, valued at $12,471,525.34. The trade was a 0.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,000 shares of company stock worth $210,728 over the last three months. 11.92% of the stock is currently owned by insiders.

Hedge Funds Weigh In On First Northern Community Bancorp

Large investors have recently modified their holdings of the stock. Legal & General Group Plc purchased a new stake in First Northern Community Bancorp during the 2nd quarter valued at $26,000. Allworth Financial LP purchased a new position in First Northern Community Bancorp during the second quarter worth $248,000. Deutsche Bank AG purchased a new position in First Northern Community Bancorp during the second quarter worth $263,000. Bank of New York Mellon Corp bought a new position in First Northern Community Bancorp during the second quarter valued at $654,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in First Northern Community Bancorp during the second quarter valued at $1,205,000. Institutional investors own 17.86% of the company’s stock.

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.