First Northwest BanCorp (NASDAQ:FNWB) Holdings Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in First Northwest BanCorp (NASDAQ:FNWB) by 9.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,954 shares of the financial services provider’s stock after acquiring an additional 7,401 shares during the period. Bank of New York Mellon Corp owned approximately 0.73% of First Northwest BanCorp worth $1,470,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its holdings in First Northwest BanCorp by 7.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,267 shares of the financial services provider’s stock worth $161,000 after buying an additional 719 shares during the period. Rhumbline Advisers grew its stake in shares of First Northwest BanCorp by 2.3% during the 2nd quarter. Rhumbline Advisers now owns 10,923 shares of the financial services provider’s stock worth $172,000 after acquiring an additional 241 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of First Northwest BanCorp by 24.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 13,431 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 2,680 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of First Northwest BanCorp by 0.4% during the 2nd quarter. Teachers Advisors LLC now owns 18,631 shares of the financial services provider’s stock worth $294,000 after acquiring an additional 71 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its stake in shares of First Northwest BanCorp by 88.1% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 30,525 shares of the financial services provider’s stock valued at $480,000 after buying an additional 14,300 shares in the last quarter. Institutional investors and hedge funds own 45.28% of the company’s stock.

Shares of First Northwest BanCorp (NASDAQ FNWB) opened at $16.99 on Thursday. First Northwest BanCorp has a twelve month low of $14.69 and a twelve month high of $18.35. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $201.49, a price-to-earnings ratio of 29.29 and a beta of 0.49.

First Northwest BanCorp (NASDAQ:FNWB) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.17 EPS for the quarter. First Northwest BanCorp had a return on equity of 3.51% and a net margin of 13.95%. The business had revenue of $10.16 million during the quarter.

First Northwest BanCorp declared that its board has initiated a share buyback plan on Friday, September 29th that allows the company to repurchase 1,170,000 outstanding shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Separately, TheStreet raised shares of First Northwest BanCorp from a “c+” rating to a “b+” rating in a research report on Friday, October 13th.

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First Northwest BanCorp Profile

First Northwest Bancorp is the bank holding company for First Federal Savings and Loan Association of Port Angeles (the Bank). The Bank is a community-oriented financial institution primarily serving the North Olympic Peninsula region of Washington. The Bank offers a range of products and services focused on the lending and depository needs of the communities it serves.

Institutional Ownership by Quarter for First Northwest BanCorp (NASDAQ:FNWB)

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