First Northwest Bancorp (NASDAQ:FNWB) Short Interest Down 8.7% in July

First Northwest Bancorp (NASDAQ:FNWB) saw 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 daily volume of 18,500 shares, the days-to-cover ratio is presently 0.9 days.

First Northwest Bancorp Stock Performance

Shares of FNWB traded down $0.04 during trading hours on Thursday, reaching $10.17. 3,078 shares of the company traded hands, compared to its average volume of 17,558. First Northwest Bancorp has a 12-month low of $8.91 and a 12-month high of $16.12. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $96.00 million, a P/E ratio of -102.10 and a beta of 0.89. The business has a fifty day moving average price of $9.98 and a 200-day moving average price of $12.34.

First Northwest Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, August 9th. First Northwest Bancorp’s payout ratio is currently -280.00%.

Wall Street Analysts Forecast Growth

FNWB has been the subject of a number of research reports. Piper Sandler boosted their price target on First Northwest Bancorp from $11.00 to $11.50 and gave the company a “neutral” rating in a report on Tuesday. StockNews.com upgraded First Northwest Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, May 30th.

Insider Buying and Selling

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

Institutional Investors Weigh In On First Northwest Bancorp

Hedge funds have recently modified their holdings of the company. Empowered Funds LLC raised its holdings in 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 acquiring an additional 1,050 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position 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 worth $253,000 after purchasing an additional 5,915 shares during the period. Finally, Equitable Trust Co. boosted 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 valued at $311,000 after buying an additional 1,201 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.