First Northwest Bancorp (NASDAQ:FNWB) Short Interest Update

First Northwest Bancorp (NASDAQ:FNWB) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 12,600 shares, a growth of 31.3% from the October 31st total of 9,600 shares. Based on an average daily volume of 25,200 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On First Northwest Bancorp

A number of hedge funds have recently added to or reduced their stakes in FNWB. Pure Portfolios Holdings LLC bought a new position in shares of First Northwest Bancorp in the 3rd quarter worth about $353,000. Fourthstone LLC raised its stake in First Northwest Bancorp by 0.3% during the third quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock worth $10,077,000 after acquiring an additional 3,239 shares during the period. Barclays PLC lifted its holdings in First Northwest Bancorp by 60.5% in the third quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 2,568 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in First Northwest Bancorp in the third quarter valued at approximately $350,000. Institutional investors and hedge funds own 66.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reduced their target price on First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating for the company in a research note on Monday, October 28th.

First Northwest Bancorp Price Performance

FNWB opened at $11.40 on Monday. The company has a market capitalization of $106.70 million, a P/E ratio of -17.54 and a beta of 0.90. The company has a 50-day moving average of $10.59 and a 200-day moving average of $10.41. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.04 and a current ratio of 1.04. First Northwest Bancorp has a 1-year low of $8.91 and a 1-year high of $16.12.

First Northwest Bancorp (NASDAQ:FNWB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.33). First Northwest Bancorp had a negative net margin of 4.79% and a negative return on equity of 0.18%. The firm had revenue of $29.99 million during the quarter, compared to the consensus estimate of $17.20 million. Equities analysts expect that First Northwest Bancorp will post -0.8 EPS for the current fiscal year.

First Northwest Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, November 8th. First Northwest Bancorp’s dividend payout ratio is currently -43.08%.

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.