First Northwest Bancorp (NASDAQ:FNWB) Short Interest Down 37.7% in October

First Northwest Bancorp (NASDAQ:FNWB) was the recipient of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 9,600 shares, a decline of 37.7% from the October 15th total of 15,400 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 25,800 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On First Northwest Bancorp

Hedge funds have recently modified their holdings of the business. Barclays PLC raised its holdings in First Northwest Bancorp by 60.5% in the 3rd 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 period. Empowered Funds LLC increased its position in First Northwest Bancorp by 7.5% in the first quarter. Empowered Funds LLC now owns 15,052 shares of the financial services provider’s stock worth $236,000 after buying an additional 1,050 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of First Northwest Bancorp by 57.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 16,183 shares of the financial services provider’s stock worth $253,000 after buying an additional 5,915 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of First Northwest Bancorp during the 3rd quarter valued at about $350,000. Finally, Pure Portfolios Holdings LLC purchased a new position in shares of First Northwest Bancorp during the 3rd quarter valued at about $353,000. Institutional investors own 66.11% of the company’s stock.

First Northwest Bancorp Stock Up 1.9 %

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

First Northwest Bancorp (NASDAQ:FNWB) last released its quarterly earnings results 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). The business had revenue of $29.99 million for the quarter, compared to analysts’ expectations of $17.20 million. First Northwest Bancorp had a negative net margin of 4.79% and a negative return on equity of 0.18%. As a group, analysts forecast that First Northwest Bancorp will post -0.8 earnings per share for the current year.

First Northwest Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders 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 yield of 2.59%. First Northwest Bancorp’s payout ratio is presently -43.08%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their target price on shares of First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating for the company in a research report on Monday, October 28th.

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.