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

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

Analyst Upgrades and Downgrades

FNWB has been the subject of several research analyst reports. Piper Sandler dropped their target price on shares of First Northwest Bancorp from $17.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. StockNews.com upgraded First Northwest Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, May 30th.

First Northwest Bancorp Stock Performance

FNWB stock traded down $0.01 during trading on Wednesday, hitting $9.50. 14,153 shares of the company’s stock traded hands, compared to its average volume of 16,733. The stock has a market capitalization of $89.68 million, a price-to-earnings ratio of -95.00 and a beta of 0.89. First Northwest Bancorp has a 52 week low of $8.91 and a 52 week high of $16.12. The stock has a fifty day moving average price of $10.34 and a two-hundred day moving average price of $13.13. 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 (NASDAQ:FNWB) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). The business had revenue of $16.12 million for the quarter, compared to the consensus estimate of $16.50 million. First Northwest Bancorp had a negative net margin of 0.78% and a positive return on equity of 2.85%. As a group, equities analysts anticipate that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

First Northwest Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Thursday, May 9th. First Northwest Bancorp’s payout ratio is -280.00%.

Insider Transactions at First Northwest Bancorp

In other First Northwest Bancorp news, Director Dana D. Behar purchased 80,000 shares of First Northwest Bancorp stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average price of $10.50 per share, with a total value of $840,000.00. Following the completion of the acquisition, the director now owns 135,467 shares of the company’s stock, valued at approximately $1,422,403.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.94% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its position in shares of First Northwest Bancorp by 21.9% during the third quarter. Barclays PLC now owns 6,022 shares of the financial services provider’s stock worth $74,000 after buying an additional 1,083 shares during the period. Empowered Funds LLC increased its stake in First Northwest Bancorp by 7.5% during the 1st quarter. Empowered Funds LLC now owns 15,052 shares of the financial services provider’s stock valued at $236,000 after buying an additional 1,050 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of First Northwest Bancorp by 57.6% in the 1st 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, Equitable Trust Co. boosted its holdings in shares of First Northwest Bancorp by 6.6% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 66.11% of the company’s stock.

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.