Short Interest in First Northwest Bancorp (NASDAQ:FNWB) Decreases By 13.2%

First Northwest Bancorp (NASDAQ:FNWB) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 17,100 shares, a decrease of 13.2% from the January 15th total of 19,700 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 19,600 shares, the short-interest ratio is presently 0.9 days.

First Northwest Bancorp Stock Performance

Shares of FNWB stock traded up $0.03 during trading hours on Friday, reaching $11.88. 22,845 shares of the company’s stock were exchanged, compared to its average volume of 15,567. The company has a market cap of $111.20 million, a P/E ratio of -33.94 and a beta of 0.93. The company’s 50 day moving average is $10.59 and its two-hundred day moving average is $10.61. First Northwest Bancorp has a 1 year low of $8.91 and a 1 year high of $16.00. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick 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) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.38). First Northwest Bancorp had a negative return on equity of 1.86% and a negative net margin of 2.38%. Equities research analysts anticipate that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

First Northwest Bancorp Dividend Announcement

The company 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 $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.36%. The ex-dividend date is Friday, February 14th. First Northwest Bancorp’s payout ratio is currently -80.00%.

Wall Street Analysts Forecast Growth

FNWB has been the subject of several analyst reports. Piper Sandler upped their price objective on First Northwest Bancorp from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Hovde Group initiated coverage on First Northwest Bancorp in a research note on Monday, January 13th. They set an “outperform” rating and a $13.50 price objective for the company.

Institutional Investors Weigh In On First Northwest Bancorp

Large investors have recently bought and sold shares of the stock. Pure Portfolios Holdings LLC acquired a new stake in shares of First Northwest Bancorp during the third quarter worth $353,000. Jacobs Levy Equity Management Inc. acquired a new position in First Northwest Bancorp in the third quarter valued at $350,000. FNY Investment Advisers LLC purchased a new position in First Northwest Bancorp in the fourth quarter valued at about $277,000. Kennedy Capital Management LLC raised its position in First Northwest Bancorp by 43.3% in the fourth quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider’s stock valued at $770,000 after purchasing an additional 22,788 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in 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 valued at $489,000 after purchasing an additional 15,622 shares during the period. Institutional investors and hedge funds own 66.11% of the company’s stock.

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.