First Northwest Bancorp (NASDAQ:FNWB) Short Interest Update

First Northwest Bancorp (NASDAQ:FNWB) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 9,600 shares, a drop of 37.7% from the October 15th total of 15,400 shares. Based on an average trading volume of 25,800 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On First Northwest Bancorp

Several large investors have recently bought and sold shares of the stock. Empowered Funds LLC raised its stake in shares of First Northwest Bancorp by 7.5% in the 1st quarter. Empowered Funds LLC now owns 15,052 shares of the financial services provider’s stock worth $236,000 after buying an additional 1,050 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in First Northwest Bancorp by 57.6% in 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 in the last quarter. Pure Portfolios Holdings LLC acquired a new stake in First Northwest Bancorp in the 3rd quarter valued at about $353,000. Fourthstone LLC boosted its position in shares of First Northwest Bancorp by 0.3% during the 3rd quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock valued at $10,077,000 after purchasing an additional 3,239 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of First Northwest Bancorp in the 3rd quarter worth approximately $350,000. Institutional investors and hedge funds own 66.11% of the company’s stock.

First Northwest Bancorp Price Performance

Shares of NASDAQ:FNWB opened at $10.80 on Friday. The firm’s 50 day moving average is $10.49 and its two-hundred day moving average is $10.37. The firm has a market capitalization of $101.09 million, a P/E ratio of -16.62 and a beta of 0.90. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 2.08. First Northwest Bancorp has a 52 week low of $8.91 and a 52 week high of $16.12.

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

First Northwest Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.28 dividend on an annualized basis and a yield of 2.59%. First Northwest Bancorp’s dividend payout ratio is presently -43.08%.

Analysts Set New Price Targets

Separately, Piper Sandler reduced their price objective on First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating for the company in a research 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.