Barclays PLC Boosts Stock Position in First Northwest Bancorp (NASDAQ:FNWB)

Barclays PLC raised its holdings in First Northwest Bancorp (NASDAQ:FNWB) by 60.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,815 shares of the financial services provider’s stock after purchasing an additional 2,568 shares during the quarter. Barclays PLC’s holdings in First Northwest Bancorp were worth $72,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Pure Portfolios Holdings LLC purchased a new position in shares of First Northwest Bancorp in the 3rd quarter worth about $353,000. Jacobs Levy Equity Management Inc. bought a new stake in First Northwest Bancorp in the third quarter worth about $350,000. Finally, Fourthstone LLC boosted its stake in 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 acquiring an additional 3,239 shares during the last quarter. 66.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler decreased their price target 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.

First Northwest Bancorp Stock Down 0.3 %

Shares of NASDAQ FNWB opened at $10.13 on Friday. The business’s fifty day moving average price is $10.54 and its 200-day moving average price is $10.42. First Northwest Bancorp has a one year low of $8.91 and a one year high of $16.00. The stock has a market capitalization of $94.83 million, a PE ratio of -15.58 and a beta of 0.94. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 1.04.

First Northwest Bancorp (NASDAQ:FNWB) last released its quarterly earnings data 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%. On average, equities research analysts anticipate that First Northwest Bancorp will post -0.8 EPS for the current year.

First Northwest Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Friday, November 8th. First Northwest Bancorp’s dividend payout ratio (DPR) is presently -43.08%.

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.