First Northwest Bancorp (NASDAQ:FNWB) Short Interest Update

First Northwest Bancorp (NASDAQ:FNWB) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 33,500 shares, a decline of 5.6% from the March 31st total of 35,500 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 16,800 shares, the short-interest ratio is currently 2.0 days.

Insider Buying and Selling at First Northwest Bancorp

In other First Northwest Bancorp news, EVP Terry A. Anderson sold 3,100 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $15.72, for a total value of $48,732.00. Following the completion of the sale, the executive vice president now directly owns 16,677 shares of the company’s stock, valued at approximately $262,162.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders purchased a total of 4,516 shares of company stock valued at $58,012 in the last three months. Company insiders own 4.94% of the company’s stock.

Institutional Trading of First Northwest Bancorp

Several large investors have recently made changes to their positions in FNWB. Coldstream Capital Management Inc. purchased a new stake in shares of First Northwest Bancorp in the 3rd quarter valued at $436,000. Barclays PLC boosted its holdings in shares of First Northwest Bancorp by 21.9% in the 3rd quarter. Barclays PLC now owns 6,022 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 1,083 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in shares of First Northwest Bancorp by 2.1% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 301,674 shares of the financial services provider’s stock valued at $3,702,000 after acquiring an additional 6,341 shares during the last quarter. Brandywine Global Investment Management LLC boosted its holdings in shares of First Northwest Bancorp by 2.0% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 119,961 shares of the financial services provider’s stock valued at $1,472,000 after acquiring an additional 2,400 shares during the last quarter. Finally, Equitable Trust Co. boosted its holdings in shares of First Northwest Bancorp by 6.6% in the 4th quarter. Equitable Trust Co. now owns 19,496 shares of the financial services provider’s stock valued at $311,000 after acquiring an additional 1,201 shares during the last quarter. 66.11% of the stock is owned by hedge funds and other institutional investors.

First Northwest Bancorp Trading Down 0.5 %

Shares of First Northwest Bancorp stock opened at $10.20 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.96. First Northwest Bancorp has a 12-month low of $9.94 and a 12-month high of $16.12. The firm has a market capitalization of $96.29 million, a price-to-earnings ratio of 40.80 and a beta of 0.77. The firm’s 50 day simple moving average is $14.09 and its two-hundred day simple moving average is $14.28.

First Northwest Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.28 dividend on an annualized basis and a yield of 2.75%. First Northwest Bancorp’s payout ratio is 112.00%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FNWB. TheStreet cut shares of First Northwest Bancorp from a “c+” rating to a “d+” rating in a research report on Thursday, January 25th. Piper Sandler reduced their price objective on shares of First Northwest Bancorp from $17.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, StockNews.com upgraded shares of First Northwest Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, March 1st.

About First Northwest Bancorp

First Northwest Bancorp operates as a bank holding company for First Fed Bank that provides commercial and consumer banking services to individuals, businesses, and nonprofit organizations in western Washington, the United States. The company accepts various deposit instruments, including checking, money market deposit, savings, and transaction accounts, as well as certificates of deposit.