Pacific Ridge Capital Partners LLC Decreases Stake in First Northwest Bancorp (NASDAQ:FNWB)

Pacific Ridge Capital Partners LLC lowered its position in First Northwest Bancorp (NASDAQ:FNWB) by 4.9% in the 1st quarter, HoldingsChannel reports. The fund owned 246,729 shares of the financial services provider’s stock after selling 12,735 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in First Northwest Bancorp were worth $3,861,000 as of its most recent filing with the SEC.

Separately, Equitable Trust Co. increased its holdings in First Northwest Bancorp by 6.6% in the 4th quarter. Equitable Trust Co. now owns 19,496 shares of the financial services provider’s stock worth $311,000 after acquiring an additional 1,201 shares during the last quarter. Institutional investors and hedge funds own 66.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FNWB shares. Piper Sandler reduced their target price on First Northwest Bancorp from $17.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. StockNews.com raised First Northwest Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, May 30th.

Insider Transactions at First Northwest Bancorp

In other First Northwest Bancorp news, Director Dana D. Behar acquired 80,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was bought at an average price of $10.50 per share, with a total value of $840,000.00. Following the completion of the acquisition, the director now owns 135,467 shares of the company’s stock, valued at $1,422,403.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.94% of the stock is owned by insiders.

First Northwest Bancorp Price Performance

FNWB stock traded up $0.03 during mid-day trading on Friday, reaching $10.25. 12,202 shares of the company traded hands, compared to its average volume of 17,107. 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 company has a market capitalization of $96.76 million, a P/E ratio of -102.50 and a beta of 0.89. First Northwest Bancorp has a 52-week low of $8.91 and a 52-week high of $16.12. The company has a fifty day moving average price of $10.12 and a 200-day moving average price of $12.64.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.08). First Northwest Bancorp had a positive return on equity of 2.85% and a negative net margin of 0.78%. The business had revenue of $16.12 million for the quarter, compared to analysts’ expectations of $16.50 million. As a group, analysts anticipate that First Northwest Bancorp will post 0.5 earnings per share for the current year.

First Northwest Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Thursday, May 9th. First Northwest Bancorp’s payout ratio is -280.00%.

First Northwest Bancorp 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.