First Northwest Bancorp (NASDAQ:FNWB) EVP Acquires $10,260.00 in Stock

First Northwest Bancorp (NASDAQ:FNWB) EVP Kyle David Henderson purchased 1,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was acquired at an average price of $10.26 per share, for a total transaction of $10,260.00. Following the purchase, the executive vice president now owns 3,100 shares in the company, valued at approximately $31,806. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

First Northwest Bancorp Stock Performance

First Northwest Bancorp stock opened at $10.05 on Friday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.04 and a current ratio of 1.04. First Northwest Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $16.12. The firm’s fifty day moving average price is $9.98 and its 200-day moving average price is $12.34. The stock has a market cap of $94.87 million, a P/E ratio of -100.60 and a beta of 0.89.

First Northwest Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.28 dividend on an annualized basis and a yield of 2.79%. First Northwest Bancorp’s dividend payout ratio (DPR) is currently -280.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FNWB. Empowered Funds LLC grew its stake in shares of First Northwest Bancorp by 7.5% in 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. O Shaughnessy Asset Management LLC grew its stake in shares of 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 during the period. Finally, Equitable Trust Co. grew its stake 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 worth $311,000 after acquiring an additional 1,201 shares during the period. 66.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FNWB. Piper Sandler lifted their price target on First Northwest Bancorp from $11.00 to $11.50 and gave the company a “neutral” rating in a research note on Tuesday. StockNews.com upgraded shares of First Northwest Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, May 30th.

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.