First Northwest Bancorp (NASDAQ:FNWB) Director Acquires $21,400.00 in Stock

First Northwest Bancorp (NASDAQ:FNWB) Director Sean Patrick Brennan purchased 2,000 shares of First Northwest Bancorp stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of $10.70 per share, for a total transaction of $21,400.00. Following the transaction, the director now directly owns 9,104 shares in the company, valued at $97,412.80. This represents a 28.15 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

First Northwest Bancorp Stock Down 0.6 %

FNWB stock opened at $10.60 on Tuesday. The firm has a 50-day moving average price of $10.66 and a 200-day moving average price of $10.38. First Northwest Bancorp has a 12 month low of $8.91 and a 12 month high of $16.12. 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 stock has a market capitalization of $99.23 million, a P/E ratio of -16.31 and a beta of 0.92.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.23) EPS for the quarter, missing the consensus estimate 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 company had revenue of $29.99 million during the quarter, compared to the consensus estimate of $17.20 million. As a group, equities research analysts anticipate that First Northwest Bancorp will post -0.8 EPS for the current fiscal year.

First Northwest Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Friday, November 8th. First Northwest Bancorp’s dividend payout ratio (DPR) is -43.08%.

Institutional Investors Weigh In On First Northwest Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of First Northwest Bancorp by 60.5% during the third 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 in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in First Northwest Bancorp in the 3rd quarter valued at approximately $350,000. Pure Portfolios Holdings LLC acquired a new stake in First Northwest Bancorp during the 3rd quarter worth approximately $353,000. Finally, Fourthstone LLC boosted its position 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 worth $10,077,000 after buying an additional 3,239 shares during the period. Institutional investors own 66.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reduced 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.

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.