First Northwest Bancorp (NASDAQ:FNWB) Short Interest Update

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

Analyst Ratings Changes

A number of equities analysts have issued reports on FNWB shares. Hovde Group started coverage on shares of First Northwest Bancorp in a report on Monday, January 13th. They set an “outperform” rating and a $13.50 price objective on the stock. Piper Sandler lifted their price objective on shares of First Northwest Bancorp from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd.

Institutional Investors Weigh In On First Northwest Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FNWB. Pure Portfolios Holdings LLC bought a new stake in First Northwest Bancorp in the 3rd quarter valued at about $353,000. Fourthstone LLC raised its stake in First Northwest Bancorp by 0.3% in the 3rd quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock valued at $10,077,000 after acquiring an additional 3,239 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in First Northwest Bancorp in the 3rd quarter valued at about $350,000. Barclays PLC raised its stake 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 valued at $72,000 after acquiring an additional 2,568 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in First Northwest Bancorp in the 4th quarter valued at about $277,000. 66.11% of the stock is currently owned by institutional investors.

First Northwest Bancorp Stock Performance

Shares of NASDAQ:FNWB traded down $0.47 during midday trading on Tuesday, reaching $11.41. The company had a trading volume of 28,630 shares, compared to its average volume of 21,517. The company’s 50 day moving average price is $10.61 and its 200 day moving average price is $10.62. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.08. The stock has a market cap of $106.80 million, a P/E ratio of -32.60 and a beta of 0.93. First Northwest Bancorp has a 52-week low of $8.91 and a 52-week high of $16.00.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share 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%. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Friday, February 14th. First Northwest Bancorp’s dividend payout ratio (DPR) is currently -80.00%.

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.