Short Interest in First Northwest Bancorp (NASDAQ:FNWB) Drops By 5.4%

First Northwest Bancorp (NASDAQ:FNWB) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 21,200 shares, a drop of 5.4% from the May 31st total of 22,400 shares. Based on an average daily volume of 16,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.3% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com raised shares of First Northwest Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Piper Sandler cut their price objective on shares of First Northwest Bancorp from $17.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st.

Insider Buying and Selling

In related news, Director Dana D. Behar purchased 80,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average cost of $10.50 per share, for a total transaction of $840,000.00. Following the completion of the acquisition, the director now owns 135,467 shares in the company, valued at approximately $1,422,403.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.94% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On First Northwest Bancorp

Institutional investors have recently modified their holdings of the company. Barclays PLC raised its position in shares of First Northwest Bancorp by 21.9% in the third quarter. Barclays PLC now owns 6,022 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 1,083 shares during the period. Equitable Trust Co. increased its position in First Northwest Bancorp by 6.6% during the fourth quarter. Equitable Trust Co. now owns 19,496 shares of the financial services provider’s stock worth $311,000 after acquiring an additional 1,201 shares during the period. O Shaughnessy Asset Management LLC increased its position in First Northwest Bancorp by 57.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 16,183 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 5,915 shares during the period. Finally, Empowered Funds LLC increased its position in First Northwest Bancorp by 7.5% during the first quarter. Empowered Funds LLC now owns 15,052 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 1,050 shares during the period. Institutional investors own 66.11% of the company’s stock.

First Northwest Bancorp Trading Down 1.2 %

Shares of FNWB opened at $9.51 on Wednesday. The firm’s 50 day moving average price is $10.36 and its 200 day moving average price is $13.16. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.31. First Northwest Bancorp has a twelve month low of $8.91 and a twelve month high of $16.12.

First Northwest Bancorp (NASDAQ:FNWB) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). First Northwest Bancorp had a negative net margin of 0.78% and a positive return on equity of 2.85%. The firm had revenue of $16.12 million during the quarter, compared to the consensus estimate of $16.50 million. As a group, equities research analysts forecast that First Northwest Bancorp will post 0.5 EPS for the current year.

First Northwest Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Thursday, May 9th. First Northwest Bancorp’s dividend payout ratio is -280.00%.

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.