First Northwest Bancorp (NASDAQ:FNWB) Shares Pass Above Fifty Day Moving Average of $9.85

First Northwest Bancorp (NASDAQ:FNWB) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.85 and traded as high as $10.00. First Northwest Bancorp shares last traded at $9.87, with a volume of 9,787 shares traded.

Analyst Ratings Changes

A number of brokerages have issued reports on FNWB. StockNews.com raised First Northwest Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, May 30th. Piper Sandler raised their price objective on shares of First Northwest Bancorp from $11.00 to $11.50 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th.

First Northwest Bancorp Stock Performance

The firm has a market capitalization of $92.53 million, a price-to-earnings ratio of -98.00 and a beta of 0.89. The firm has a 50 day moving average price of $9.83 and a 200-day moving average price of $12.14. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.04 and a quick ratio of 1.04.

First Northwest Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Friday, August 9th. First Northwest Bancorp’s dividend payout ratio is presently -280.00%.

Insider Activity at First Northwest Bancorp

In other First Northwest Bancorp news, CEO Matthew Deines bought 9,285 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average price of $10.79 per share, for a total transaction of $100,185.15. Following the completion of the purchase, the chief executive officer now directly owns 110,740 shares in the company, valued at $1,194,884.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 10,435 shares of company stock valued at $112,058 over the last quarter. 4.94% of the stock is owned by insiders.

Hedge Funds Weigh In On First Northwest Bancorp

A hedge fund recently raised its stake in First Northwest Bancorp stock. O Shaughnessy Asset Management LLC boosted its stake in shares of First Northwest Bancorp (NASDAQ:FNWB) by 57.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,183 shares of the financial services provider’s stock after acquiring an additional 5,915 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.17% of First Northwest Bancorp worth $253,000 as of its most recent filing with the Securities and Exchange Commission. 66.11% of the stock is currently owned by hedge funds and other institutional investors.

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.