Wall Street Zen Upgrades First Northern Community Bancorp (NASDAQ:FNRN) to Hold

First Northern Community Bancorp (NASDAQ:FNRN) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings upgraded shares of First Northern Community Bancorp from a “hold (c)” rating to a “buy (b)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

First Northern Community Bancorp Stock Performance

NASDAQ:FNRN opened at $17.20 on Friday. The firm has a market capitalization of $282.25 million, a PE ratio of 12.30 and a beta of 0.01. First Northern Community Bancorp has a 1-year low of $9.70 and a 1-year high of $17.99.

Insiders Place Their Bets

In other First Northern Community Bancorp news, Director Mark C. Schulze sold 3,000 shares of First Northern Community Bancorp stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $17.78, for a total transaction of $53,340.00. Following the completion of the sale, the director directly owned 741,921 shares in the company, valued at $13,191,355.38. This trade represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeremiah Zachary Smith sold 6,783 shares of First Northern Community Bancorp stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $17.69, for a total transaction of $119,991.27. Following the sale, the chief executive officer owned 154,569 shares of the company’s stock, valued at approximately $2,734,325.61. This represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 20,054 shares of company stock valued at $349,849 over the last ninety days. Company insiders own 11.92% of the company’s stock.

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.