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

First Northwest Bancorp (NASDAQ:FNWB) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 12,600 shares, an increase of 31.3% from the October 31st total of 9,600 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 25,200 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On First Northwest Bancorp

Hedge funds have recently bought and sold shares of the stock. Barclays PLC boosted its stake in shares of First Northwest Bancorp by 60.5% during the third quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock valued at $72,000 after acquiring an additional 2,568 shares during the last quarter. Fourthstone LLC raised its stake 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 during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in First Northwest Bancorp in the 3rd quarter valued at about $350,000. Finally, Pure Portfolios Holdings LLC purchased a new stake in shares of First Northwest Bancorp during the third quarter worth about $353,000. Hedge funds and other institutional investors own 66.11% of the company’s stock.

Analysts Set New Price Targets

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

First Northwest Bancorp Trading Up 0.9 %

NASDAQ:FNWB opened at $11.40 on Monday. First Northwest Bancorp has a 52-week low of $8.91 and a 52-week 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 2.08. The stock has a fifty day simple moving average of $10.59 and a 200-day simple moving average of $10.41. The company has a market capitalization of $106.70 million, a PE ratio of -17.54 and a beta of 0.90.

First Northwest Bancorp (NASDAQ:FNWB) last announced its 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 business had revenue of $29.99 million for the quarter, compared to analyst estimates 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, equities research analysts expect that First Northwest Bancorp will post -0.8 earnings per share for the current fiscal year.

First Northwest Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued 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 of this dividend 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.