Short Interest in First Northwest Bancorp (NASDAQ:FNWB) Declines By 24.2%

First Northwest Bancorp (NASDAQ:FNWB) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 11,900 shares, a decrease of 24.2% from the February 13th total of 15,700 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 22,400 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FNWB. Barclays PLC raised its holdings in shares of First Northwest Bancorp by 60.5% in 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 last quarter. Citadel Advisors LLC raised its holdings in shares of First Northwest Bancorp by 5.6% in the fourth quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider’s stock worth $165,000 after buying an additional 860 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of First Northwest Bancorp in the fourth quarter worth $277,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of First Northwest Bancorp in the third quarter worth $350,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of First Northwest Bancorp by 48.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider’s stock worth $489,000 after buying an additional 15,622 shares during the last quarter. Hedge funds and other institutional investors own 66.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FNWB shares. Piper Sandler upped their price target on shares of First Northwest Bancorp from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Hovde Group started coverage on shares of First Northwest Bancorp in a research report on Monday, January 13th. They issued an “outperform” rating and a $13.50 price target for the company.

First Northwest Bancorp Trading Up 0.1 %

NASDAQ:FNWB opened at $10.18 on Monday. First Northwest Bancorp has a 52 week low of $8.91 and a 52 week high of $15.90. The firm has a 50 day moving average of $10.70 and a 200 day moving average of $10.66. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $95.29 million, a price-to-earnings ratio of -29.08 and a beta of 0.99.

First Northwest Bancorp (NASDAQ:FNWB) last posted its earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.38). First Northwest Bancorp had a negative net margin of 2.38% and a negative return on equity of 1.86%. As a group, sell-side analysts anticipate that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

First Northwest Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.07 per share. The ex-dividend date was Friday, February 14th. This represents a $0.28 dividend on an annualized basis and a yield of 2.75%. First Northwest Bancorp’s payout ratio is -80.00%.

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.