Short Interest in First Northwest Bancorp (NASDAQ:FNWB) Grows By 31.3%

First Northwest Bancorp (NASDAQ:FNWB) was the recipient of a significant growth in short interest in 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 trading volume, of 25,200 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pure Portfolios Holdings LLC acquired a new stake in shares of First Northwest Bancorp in the third quarter worth $353,000. Jacobs Levy Equity Management Inc. purchased a new stake in First Northwest Bancorp during the 3rd quarter worth $350,000. Fourthstone LLC increased its holdings in First Northwest Bancorp by 0.3% in the 3rd quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock valued at $10,077,000 after purchasing an additional 3,239 shares in the last quarter. Finally, Barclays PLC raised its position 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 valued at $72,000 after purchasing an additional 2,568 shares during the period. 66.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Piper Sandler dropped their price objective on shares of 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 Stock Up 0.9 %

Shares of FNWB opened at $11.40 on Monday. First Northwest Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $16.12. The company’s fifty day moving average is $10.59 and its two-hundred day moving average is $10.41. The firm has a market cap of $106.70 million, a PE ratio of -17.54 and a beta of 0.90. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08.

First Northwest Bancorp (NASDAQ:FNWB) last issued its earnings results on Tuesday, October 29th. The financial services provider reported ($0.23) earnings per share 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 analyst estimates of $17.20 million. First Northwest Bancorp had a negative net margin of 4.79% and a negative return on equity of 0.18%. Analysts forecast that First Northwest Bancorp will post -0.8 earnings per share for the current year.

First Northwest Bancorp Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Friday, November 8th. First Northwest Bancorp’s dividend payout ratio (DPR) is presently -43.08%.

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.