First Northwest Bancorp (NASDAQ:FNWB) Sees Large Decline in Short Interest

First Northwest Bancorp (NASDAQ:FNWB) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 9,600 shares, a decrease of 37.7% from the October 15th total of 15,400 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 25,800 shares, the days-to-cover ratio is presently 0.4 days.

First Northwest Bancorp Stock Up 1.3 %

FNWB stock opened at $10.51 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.90. The business has a 50 day moving average of $10.52 and a 200 day moving average of $10.37. First Northwest Bancorp has a twelve month low of $8.91 and a twelve month high of $16.12. The firm has a market cap of $99.21 million, a PE ratio of -16.17 and a beta of 0.90.

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

First Northwest Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Friday, November 8th. First Northwest Bancorp’s dividend payout ratio is currently -43.08%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FNWB. Empowered Funds LLC lifted its position in First Northwest Bancorp by 7.5% during the first quarter. Empowered Funds LLC now owns 15,052 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 1,050 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of First Northwest Bancorp by 57.6% in the first 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 in the last quarter. Finally, Pure Portfolios Holdings LLC purchased a new stake in shares of First Northwest Bancorp in the third quarter worth $353,000. 66.11% of the stock is owned by hedge funds and other institutional investors.

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.