First Northwest Bancorp (NASDAQ:FNWB) CEO Matthew Deines Purchases 9,285 Shares

First Northwest Bancorp (NASDAQ:FNWB) CEO Matthew Deines purchased 9,285 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was bought at an average cost of $10.79 per share, with a total value of $100,185.15. Following the completion of the transaction, the chief executive officer now directly owns 110,740 shares in the company, valued at approximately $1,194,884.60. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

First Northwest Bancorp Stock Performance

First Northwest Bancorp stock traded down $0.16 during mid-day trading on Wednesday, reaching $10.21. 55,046 shares of the stock traded hands, compared to its average volume of 17,658. The stock has a market capitalization of $96.38 million, a PE ratio of -102.40 and a beta of 0.89. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.04 and a quick ratio of 1.04. First Northwest Bancorp has a 12-month low of $8.91 and a 12-month high of $16.12. The business’s 50-day moving average is $10.01 and its 200-day moving average is $12.36.

First Northwest Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, August 9th. This represents a $0.28 dividend on an annualized basis and a yield of 2.74%. First Northwest Bancorp’s dividend payout ratio (DPR) is presently -280.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. StockNews.com raised First Northwest Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Piper Sandler raised their target price on First Northwest Bancorp from $11.00 to $11.50 and gave the stock a “neutral” rating in a research note on Tuesday.

Institutional Investors Weigh In On First Northwest Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its stake in First Northwest Bancorp by 7.5% in the first quarter. Empowered Funds LLC now owns 15,052 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 1,050 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of First Northwest Bancorp by 57.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,183 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 5,915 shares in the last quarter. Finally, Equitable Trust Co. boosted its position in shares of 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 purchasing an additional 1,201 shares in the last quarter. 66.11% of the stock is currently owned by hedge funds and other institutional investors.

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.