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

First Northwest Bancorp (NASDAQ:FNWB) was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totalling 25,200 shares, a growth of 33.3% from the July 31st total of 18,900 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 19,000 shares, the days-to-cover ratio is presently 1.3 days.

First Northwest Bancorp Trading Up 4.1 %

Shares of FNWB stock opened at $11.47 on Friday. First Northwest Bancorp has a 1-year low of $8.91 and a 1-year high of $16.12. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.04 and a quick ratio of 1.04. The business’s fifty day moving average price is $10.00 and its 200 day moving average price is $11.81. The firm has a market capitalization of $108.30 million, a PE ratio of -114.70 and a beta of 0.89.

First Northwest Bancorp (NASDAQ:FNWB) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.16 EPS for the quarter, topping the consensus estimate of $0.08 by $0.08. The business had revenue of $21.60 million for the quarter, compared to analyst estimates of $17.10 million. First Northwest Bancorp had a positive return on equity of 2.62% and a negative net margin of 1.02%. As a group, sell-side analysts forecast that First Northwest Bancorp will post 0.46 EPS for the current fiscal year.

First Northwest Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.44%. First Northwest Bancorp’s dividend payout ratio (DPR) is -280.00%.

Insider Buying and Selling

In other news, CEO Matthew Deines acquired 9,285 shares of the company’s stock in a transaction on Monday, July 29th. The shares were bought at an average price of $10.79 per share, with a total value of $100,185.15. Following the completion of the acquisition, the chief executive officer now owns 110,740 shares in the company, valued at approximately $1,194,884.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased 10,435 shares of company stock worth $112,058 in the last ninety days. 4.94% of the stock is owned by corporate insiders.

Institutional Trading of First Northwest Bancorp

An institutional investor recently raised its position in First Northwest Bancorp stock. O Shaughnessy Asset Management LLC increased its position in First Northwest Bancorp (NASDAQ:FNWB) by 57.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,183 shares of the financial services provider’s stock after buying an additional 5,915 shares during the period. O Shaughnessy Asset Management LLC owned about 0.17% of First Northwest Bancorp worth $253,000 as of its most recent SEC filing. 66.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on FNWB shares. Piper Sandler lifted their price objective on shares of First Northwest Bancorp from $11.00 to $11.50 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. StockNews.com upgraded shares of First Northwest Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, May 30th.

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.