First Northwest Bancorp (NASDAQ:FNWB) Sees Large Increase in Short Interest

First Northwest Bancorp (NASDAQ:FNWB) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 12,600 shares, an increase of 31.3% from the October 31st total of 9,600 shares. Based on an average trading volume of 25,200 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are short sold.

Analyst Ratings Changes

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

First Northwest Bancorp Stock Performance

Shares of NASDAQ FNWB traded up $0.10 during midday trading on Friday, reaching $11.40. The company’s stock had a trading volume of 8,601 shares, compared to its average volume of 20,138. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 1.04. First Northwest Bancorp has a 12-month low of $8.91 and a 12-month high of $16.12. The firm has a 50 day moving average price of $10.59 and a 200-day moving average price of $10.41. The stock has a market capitalization of $106.72 million, a P/E ratio of -17.54 and a beta of 0.90.

First Northwest Bancorp (NASDAQ:FNWB) last issued its 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 firm had revenue of $29.99 million for the quarter, compared to analysts’ expectations of $17.20 million. As a group, equities analysts predict that First Northwest Bancorp will post -0.8 earnings per share for the current year.

First Northwest Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, November 8th. First Northwest Bancorp’s dividend payout ratio is presently -43.08%.

Institutional Trading of First Northwest Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC boosted its stake in First Northwest Bancorp by 60.5% during the third quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock worth $72,000 after buying an additional 2,568 shares during the period. Fourthstone LLC lifted its holdings in shares of First Northwest Bancorp by 0.3% in the 3rd quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock worth $10,077,000 after acquiring an additional 3,239 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of First Northwest Bancorp in the 3rd quarter worth approximately $350,000. Finally, Pure Portfolios Holdings LLC purchased a new position in shares of First Northwest Bancorp during the 3rd quarter worth approximately $353,000. 66.11% of the stock is owned by institutional investors and hedge funds.

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.