First Northwest Bancorp (NASDAQ:FNWB) Shares Sold by Equitable Trust Co.

Equitable Trust Co. lessened its holdings in shares of First Northwest Bancorp (NASDAQ:FNWB) by 16.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,855 shares of the financial services provider’s stock after selling 3,065 shares during the quarter. Equitable Trust Co. owned about 0.17% of First Northwest Bancorp worth $162,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its stake in First Northwest Bancorp by 60.5% during the 3rd quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock worth $72,000 after buying an additional 2,568 shares during the period. Pure Portfolios Holdings LLC purchased a new stake in shares of First Northwest Bancorp during the third quarter worth $353,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of First Northwest Bancorp in the third quarter valued at $350,000. FNY Investment Advisers LLC purchased a new position in First Northwest Bancorp in the fourth quarter valued at $277,000. Finally, Fourthstone LLC grew its stake in First Northwest Bancorp by 0.3% during the 3rd quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock worth $10,077,000 after purchasing an additional 3,239 shares in the last quarter. Hedge funds and other institutional investors own 66.11% of the company’s stock.

First Northwest Bancorp Stock Performance

NASDAQ:FNWB opened at $10.88 on Wednesday. First Northwest Bancorp has a 12 month low of $8.91 and a 12 month high of $16.00. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $101.84 million, a PE ratio of -31.08 and a beta of 0.93. The business’s fifty day moving average price is $10.54 and its 200 day moving average price is $10.58.

First Northwest Bancorp (NASDAQ:FNWB) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.38). First Northwest Bancorp had a negative net margin of 2.38% and a negative return on equity of 1.86%. On average, sell-side analysts anticipate that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

First Northwest Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.28 dividend on an annualized basis and a yield of 2.57%. First Northwest Bancorp’s payout ratio is currently -80.00%.

Analyst Upgrades and Downgrades

FNWB has been the topic of a number of analyst reports. Hovde Group started coverage on First Northwest Bancorp in a research report on Monday, January 13th. They issued an “outperform” rating and a $13.50 price target on the stock. Piper Sandler raised their target price on shares of First Northwest Bancorp from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, February 3rd.

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.