First Northwest Bancorp (NASDAQ:FNWB) Sees Large Decline in Short Interest

First Northwest Bancorp (NASDAQ:FNWB) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 11,900 shares, a drop of 24.2% from the February 13th total of 15,700 shares. Based on an average daily volume of 22,400 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are sold short.

First Northwest Bancorp Stock Up 1.0 %

Shares of NASDAQ:FNWB opened at $10.31 on Wednesday. The firm has a fifty day moving average price of $10.70 and a two-hundred day moving average price of $10.65. 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 has a one year low of $8.91 and a one year high of $15.90. The company has a market cap of $96.51 million, a price-to-earnings ratio of -29.46 and a beta of 0.99.

First Northwest Bancorp (NASDAQ:FNWB) last posted its quarterly earnings data 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%. Analysts anticipate that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

First Northwest Bancorp Announces Dividend

The business 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Friday, February 14th. First Northwest Bancorp’s dividend payout ratio is currently -80.00%.

Institutional Trading of First Northwest Bancorp

A number of hedge funds have recently made changes to their positions in FNWB. Fourthstone LLC lifted its holdings 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 worth $10,077,000 after acquiring an additional 3,239 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in First Northwest Bancorp in the third quarter worth $350,000. Barclays PLC lifted its stake in First Northwest Bancorp by 60.5% in the third quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 2,568 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in First Northwest Bancorp in the fourth quarter worth $277,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake 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 worth $489,000 after purchasing an additional 15,622 shares during the last quarter. 66.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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.