First Northwest Bancorp (NASDAQ:FNWB) Short Interest Up 22.7% in March

First Northwest Bancorp (NASDAQ:FNWB) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 14,600 shares, an increase of 22.7% from the February 28th total of 11,900 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 19,400 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FNWB. Hovde Group began coverage on shares of First Northwest Bancorp in a research report on Monday, January 13th. They set an “outperform” rating and a $13.50 price target on the stock. StockNews.com started coverage on First Northwest Bancorp in a research report on Tuesday. They set a “hold” rating on the stock. Finally, Piper Sandler lifted their target price on First Northwest Bancorp from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd.

Hedge Funds Weigh In On First Northwest Bancorp

A number of institutional investors have recently modified their holdings of the company. Barclays PLC grew its position in First Northwest Bancorp by 60.5% in the 3rd quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 2,568 shares during the period. Citadel Advisors LLC lifted its stake 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 valued at $165,000 after buying an additional 860 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of First Northwest Bancorp during the fourth quarter valued at about $277,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of First Northwest Bancorp during the third quarter worth about $350,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of First Northwest Bancorp by 48.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider’s stock worth $489,000 after acquiring an additional 15,622 shares during the last quarter. 66.11% of the stock is owned by institutional investors and hedge funds.

First Northwest Bancorp Stock Down 0.1 %

NASDAQ FNWB traded down $0.01 on Tuesday, hitting $10.15. 3,926 shares of the company were exchanged, compared to its average volume of 20,903. First Northwest Bancorp has a 12 month low of $8.91 and a 12 month high of $15.85. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.08. The company has a market cap of $94.98 million, a PE ratio of -29.00 and a beta of 0.99. The stock has a fifty day moving average of $10.66 and a 200-day moving average of $10.59.

First Northwest Bancorp (NASDAQ:FNWB) last issued its earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) EPS for the quarter, missing the consensus estimate 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, analysts forecast that First Northwest Bancorp will post 0.5 earnings per share for the current year.

First Northwest Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.28 annualized dividend and a dividend yield of 2.76%. First Northwest Bancorp’s dividend 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.