Northwestern Mutual Wealth Management Co. Buys New Holdings in First Northern Community Bancorp $FNRN

Northwestern Mutual Wealth Management Co. bought a new position in First Northern Community Bancorp (NASDAQ:FNRN) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 67,180 shares of the company’s stock, valued at approximately $1,205,000.

A number of other institutional investors have also recently bought and sold shares of the business. Focus Partners Advisor Solutions LLC bought a new stake in First Northern Community Bancorp in the 2nd quarter valued at $6,883,000. Bank of New York Mellon Corp bought a new position in shares of First Northern Community Bancorp during the 2nd quarter worth about $654,000. BlackRock Inc. bought a new position in shares of First Northern Community Bancorp during the 2nd quarter worth about $18,860,000. Deutsche Bank AG acquired a new stake in shares of First Northern Community Bancorp during the 2nd quarter valued at about $263,000. Finally, Allworth Financial LP acquired a new stake in shares of First Northern Community Bancorp during the 2nd quarter valued at about $248,000. Institutional investors and hedge funds own 17.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on FNRN shares. Wall Street Zen cut shares of First Northern Community Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings cut shares of First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Insider Buying and Selling at First Northern Community Bancorp

In other news, Director Mark C. Schulze sold 5,250 shares of the business’s stock in a transaction 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 sale, the director owned 731,039 shares in the company, valued at approximately $12,471,525.34. The trade was a 0.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard M. Martinez sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $17.51, for a total transaction of $35,020.00. Following the completion of the sale, the director directly owned 72,252 shares in the company, valued at approximately $1,265,132.52. The trade was a 2.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,000 shares of company stock valued at $210,728 over the last quarter. Corporate insiders own 11.92% of the company’s stock.

First Northern Community Bancorp Trading Down 0.1%

Shares of FNRN stock opened at $17.44 on Wednesday. The company has a fifty day moving average of $17.91. First Northern Community Bancorp has a one year low of $11.86 and a one year high of $19.25. The firm has a market cap of $286.02 million, a price-to-earnings ratio of 12.87 and a beta of 0.01.

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.