Private Capital Management LLC Decreases Stake in First Northwest Bancorp (NASDAQ:FNWB)

Private Capital Management LLC lowered its holdings in First Northwest Bancorp (NASDAQ:FNWB) by 12.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 679,002 shares of the financial services provider’s stock after selling 101,003 shares during the period. First Northwest Bancorp comprises 1.5% of Private Capital Management LLC’s portfolio, making the stock its 28th largest position. Private Capital Management LLC owned 7.25% of First Northwest Bancorp worth $7,265,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FNWB. Barclays PLC boosted its stake in shares of First Northwest Bancorp by 60.5% during the 3rd quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock valued at $72,000 after buying an additional 2,568 shares during the last quarter. Fourthstone LLC boosted its stake in First Northwest Bancorp by 0.3% during the 3rd quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock valued at $10,077,000 after acquiring an additional 3,239 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in First Northwest Bancorp during the 4th quarter worth $277,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of First Northwest Bancorp in the 3rd quarter worth about $350,000. Institutional investors and hedge funds own 66.11% of the company’s stock.

First Northwest Bancorp Trading Up 0.7 %

NASDAQ FNWB opened at $10.81 on Friday. The firm has a market capitalization of $101.19 million, a PE ratio of -30.88 and a beta of 0.93. First Northwest Bancorp has a one year low of $8.91 and a one year high of $16.00. The company has a 50-day simple moving average of $10.65 and a 200-day simple moving average of $10.66. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.04 and a current ratio of 1.04.

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 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%. On average, equities analysts forecast that First Northwest Bancorp will post 0.5 earnings per share for the current year.

First Northwest Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.28 dividend on an annualized basis and a yield of 2.59%. First Northwest Bancorp’s payout ratio is currently -80.00%.

Wall Street Analysts Forecast Growth

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

First Northwest Bancorp Company Profile

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.