First Northwest Bancorp (NASDAQ:FNWB) Short Interest Update

First Northwest Bancorp (NASDAQ:FNWB) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 12,600 shares, an increase of 31.3% from the October 31st total of 9,600 shares. Based on an average daily volume of 25,200 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reduced 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 note on Monday, October 28th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its position 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 period. Jacobs Levy Equity Management Inc. acquired a new position in shares of First Northwest Bancorp during the 3rd quarter valued at $350,000. Pure Portfolios Holdings LLC bought a new stake in shares of First Northwest Bancorp in the 3rd quarter worth $353,000. Finally, Fourthstone LLC lifted its holdings in shares of First Northwest Bancorp by 0.3% in the third quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock valued at $10,077,000 after buying an additional 3,239 shares during the period. 66.11% of the stock is currently owned by institutional investors.

First Northwest Bancorp Stock Up 0.9 %

FNWB opened at $11.40 on Monday. The stock’s 50 day moving average price is $10.59 and its 200 day moving average price is $10.41. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $106.70 million, a P/E ratio of -17.54 and a beta of 0.90. First Northwest Bancorp has a 12 month low of $8.91 and a 12 month high of $16.12.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.33). The business had revenue of $29.99 million for the quarter, compared to analyst estimates 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, research analysts predict that First Northwest Bancorp will post -0.8 earnings per share for the current year.

First Northwest Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, November 8th. First Northwest Bancorp’s dividend payout ratio is currently -43.08%.

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.