Barclays PLC Has $72,000 Stake in First Northwest Bancorp (NASDAQ:FNWB)

Barclays PLC lifted its holdings in shares of First Northwest Bancorp (NASDAQ:FNWB) by 60.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,815 shares of the financial services provider’s stock after buying an additional 2,568 shares during the quarter. Barclays PLC owned about 0.07% of First Northwest Bancorp worth $72,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. bought a new position in shares of First Northwest Bancorp during the 3rd quarter valued at about $350,000. Pure Portfolios Holdings LLC acquired a new stake in First Northwest Bancorp in the third quarter valued at $353,000. Finally, Fourthstone LLC raised its stake in First Northwest Bancorp by 0.3% in the third quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock valued at $10,077,000 after buying an additional 3,239 shares during the period. Institutional investors own 66.11% of the company’s stock.

First Northwest Bancorp Stock Performance

NASDAQ:FNWB opened at $10.13 on Friday. The company has a market cap of $94.83 million, a price-to-earnings ratio of -15.58 and a beta of 0.94. The stock has a fifty day moving average price of $10.54 and a 200-day moving average price of $10.42. First Northwest Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $16.00. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.04 and a current ratio of 1.04.

First Northwest Bancorp (NASDAQ:FNWB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.33). First Northwest Bancorp had a negative return on equity of 0.18% and a negative net margin of 4.79%. The business had revenue of $29.99 million for the quarter, compared to analyst estimates of $17.20 million. As a group, equities analysts anticipate that First Northwest Bancorp will post -0.8 EPS for the current fiscal year.

First Northwest Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Friday, November 8th. First Northwest Bancorp’s dividend payout ratio is currently -43.08%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered their price target on shares of First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Monday, October 28th.

First Northwest Bancorp Company Profile

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.