Short Interest in First Northwest Bancorp (NASDAQ:FNWB) Decreases By 8.7%

First Northwest Bancorp (NASDAQ:FNWB) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 15,800 shares, a drop of 8.7% from the June 30th total of 17,300 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 18,500 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

FNWB has been the topic of several recent research reports. StockNews.com upgraded shares of First Northwest Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Piper Sandler lifted their price target on First Northwest Bancorp from $11.00 to $11.50 and gave the stock a “neutral” rating in a research note on Tuesday.

First Northwest Bancorp Trading Down 1.6 %

NASDAQ FNWB traded down $0.16 on Thursday, hitting $10.05. 15,739 shares of the stock were exchanged, compared to its average volume of 17,644. The company’s 50-day moving average price is $9.98 and its two-hundred day moving average price is $12.34. 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 52-week low of $8.91 and a 52-week high of $16.12. The company has a market capitalization of $94.87 million, a price-to-earnings ratio of -100.60 and a beta of 0.89.

First Northwest Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be issued 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 dividend yield of 2.79%. First Northwest Bancorp’s dividend payout ratio is -280.00%.

Insider Activity at First Northwest Bancorp

In related news, CEO Matthew Deines bought 9,285 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average price of $10.79 per share, for a total transaction of $100,185.15. Following the transaction, the chief executive officer now directly owns 110,740 shares of the company’s stock, valued at approximately $1,194,884.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Dana D. Behar bought 80,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were purchased at an average cost of $10.50 per share, with a total value of $840,000.00. Following the completion of the acquisition, the director now directly owns 135,467 shares in the company, valued at $1,422,403.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew Deines acquired 9,285 shares of First Northwest Bancorp stock in a transaction dated Monday, July 29th. The shares were acquired at an average price of $10.79 per share, with a total value of $100,185.15. Following the transaction, the chief executive officer now owns 110,740 shares in the company, valued at approximately $1,194,884.60. The disclosure for this purchase can be found here. Insiders have acquired a total of 90,435 shares of company stock worth $952,058 in the last three months. 4.94% of the stock is owned by company insiders.

Institutional Investors Weigh In On First Northwest Bancorp

Hedge funds have recently bought and sold shares of the business. Empowered Funds LLC increased its holdings in shares of First Northwest Bancorp by 7.5% in the 1st quarter. Empowered Funds LLC now owns 15,052 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 1,050 shares during the period. Equitable Trust Co. lifted its position 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 buying an additional 1,201 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of First Northwest Bancorp by 57.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,183 shares of the financial services provider’s stock valued at $253,000 after buying an additional 5,915 shares during the period. 66.11% of the stock is 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.