First Northwest Bancorp (NASDAQ:FNWB) Short Interest Update

First Northwest Bancorp (NASDAQ:FNWB) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 9,600 shares, a decrease of 37.7% from the October 15th total of 15,400 shares. Based on an average trading volume of 25,800 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

First Northwest Bancorp Price Performance

NASDAQ FNWB opened at $10.80 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 2.08. First Northwest Bancorp has a 1 year low of $8.91 and a 1 year high of $16.12. The company has a market cap of $101.09 million, a PE ratio of -16.62 and a beta of 0.90. The stock’s 50-day moving average price is $10.49 and its two-hundred day moving average price is $10.37.

First Northwest Bancorp (NASDAQ:FNWB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.33). First Northwest Bancorp had a negative net margin of 4.79% and a negative return on equity of 0.18%. The firm had revenue of $29.99 million for the quarter, compared to analyst estimates of $17.20 million. On average, analysts predict that First Northwest Bancorp will post -0.8 EPS for the current year.

First Northwest Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a $0.07 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.28 annualized dividend and a dividend yield of 2.59%. First Northwest Bancorp’s dividend payout ratio (DPR) is presently -43.08%.

Analyst Ratings Changes

Separately, Piper Sandler decreased their target price on First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Monday, October 28th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC grew its stake in First Northwest Bancorp by 7.5% during the 1st quarter. Empowered Funds LLC now owns 15,052 shares of the financial services provider’s stock valued at $236,000 after acquiring an additional 1,050 shares in the last quarter. 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 period. Fourthstone LLC boosted its stake in shares of 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 buying an additional 3,239 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of First Northwest Bancorp by 57.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,183 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 5,915 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of First Northwest Bancorp in the third quarter worth $350,000. Hedge funds and other institutional investors own 66.11% of the company’s stock.

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.