Short Interest in First Northwest Bancorp (NASDAQ:FNWB) Expands By 22.7%

First Northwest Bancorp (NASDAQ:FNWB) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 14,600 shares, a growth of 22.7% from the February 28th total of 11,900 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 19,400 shares, the days-to-cover ratio is presently 0.8 days.

First Northwest Bancorp Price Performance

Shares of First Northwest Bancorp stock traded down $0.25 during trading hours on Thursday, reaching $10.18. The company’s stock had a trading volume of 3,385 shares, compared to its average volume of 20,991. The firm has a 50 day moving average price of $10.64 and a 200-day moving average price of $10.58. 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 stock has a market cap of $95.22 million, a P/E ratio of -29.07 and a beta of 0.81. First Northwest Bancorp has a one year low of $8.91 and a one year high of $15.75.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share (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, analysts predict that First Northwest Bancorp will post 0.5 EPS for the current year.

First Northwest Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend was Friday, February 14th. First Northwest Bancorp’s payout ratio is -80.00%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FNWB. StockNews.com started coverage on First Northwest Bancorp in a research note on Tuesday. They set a “hold” rating for the company. Piper Sandler upped their target price on shares of First Northwest Bancorp from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, Hovde Group started coverage on First Northwest Bancorp in a research note on Monday, January 13th. They issued an “outperform” rating and a $13.50 price target for the company.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FNWB. Barclays PLC grew its holdings 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 valued at $72,000 after purchasing an additional 2,568 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of First Northwest Bancorp in the third quarter worth approximately $350,000. FNY Investment Advisers LLC bought a new stake in shares of First Northwest Bancorp during the 4th quarter worth approximately $277,000. Citadel Advisors LLC boosted its holdings in First Northwest Bancorp by 5.6% during the 4th quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 860 shares during the period. Finally, Kennedy Capital Management LLC grew its position in First Northwest Bancorp by 43.3% in the 4th quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider’s stock valued at $770,000 after acquiring an additional 22,788 shares during the last quarter. Institutional investors own 66.11% of the company’s stock.

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.