Insider Buying: First Northwest Bancorp (NASDAQ:FNWB) Director Buys $24,991.78 in Stock

First Northwest Bancorp (NASDAQ:FNWB) Director Lynn Terwoerds purchased 2,417 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was bought at an average price of $10.34 per share, with a total value of $24,991.78. Following the completion of the purchase, the director now owns 8,841 shares of the company’s stock, valued at $91,415.94. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Lynn Terwoerds also recently made the following trade(s):

• On Monday, March 11th, Lynn Terwoerds acquired 99 shares of First Northwest Bancorp stock. The stock was bought at an average cost of $15.71 per share, with a total value of $1,555.29.

First Northwest Bancorp Stock Up 1.9 %

FNWB opened at $10.71 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.96. The stock’s fifty day simple moving average is $13.91 and its 200 day simple moving average is $14.24. First Northwest Bancorp has a 1-year low of $9.94 and a 1-year high of $16.12. The stock has a market cap of $101.13 million, a PE ratio of 42.84 and a beta of 0.86.

First Northwest Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Thursday, May 9th. First Northwest Bancorp’s payout ratio is 112.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Barclays PLC grew its position in shares of First Northwest Bancorp by 21.9% in the third quarter. Barclays PLC now owns 6,022 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 1,083 shares during the last quarter. Equitable Trust Co. grew its holdings in First Northwest Bancorp by 6.6% in the 4th quarter. Equitable Trust Co. now owns 19,496 shares of the financial services provider’s stock valued at $311,000 after buying an additional 1,201 shares in the last quarter. Brandywine Global Investment Management LLC increased its position in First Northwest Bancorp by 2.0% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 119,961 shares of the financial services provider’s stock worth $1,472,000 after buying an additional 2,400 shares during the period. Pacific Ridge Capital Partners LLC lifted its holdings in shares of First Northwest Bancorp by 2.1% during the third quarter. Pacific Ridge Capital Partners LLC now owns 301,674 shares of the financial services provider’s stock worth $3,702,000 after buying an additional 6,341 shares in the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in shares of First Northwest Bancorp in the third quarter valued at about $436,000. 66.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on FNWB. TheStreet lowered shares of First Northwest Bancorp from a “c+” rating to a “d+” rating in a research report on Thursday, January 25th. Piper Sandler dropped their target price on shares of First Northwest Bancorp from $17.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, StockNews.com upgraded First Northwest Bancorp from a “sell” rating to a “hold” rating in a report on Friday, March 1st.

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.