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

First Northwest Bancorp (NASDAQ:FNWB) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 17,100 shares, a decline of 13.2% from the January 15th total of 19,700 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 19,600 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On First Northwest Bancorp

Hedge funds have recently modified their holdings of the business. Citadel Advisors LLC lifted its position in First Northwest Bancorp by 5.6% in the fourth quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 860 shares during the period. Kennedy Capital Management LLC lifted its position in First Northwest Bancorp by 43.3% in the fourth quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider’s stock worth $770,000 after purchasing an additional 22,788 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in First Northwest Bancorp by 48.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider’s stock worth $489,000 after purchasing an additional 15,622 shares during the period. FNY Investment Advisers LLC bought a new position in shares of First Northwest Bancorp during the fourth quarter valued at $277,000. Finally, Barclays PLC lifted its holdings 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 period. 66.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Hovde Group started coverage on shares of First Northwest Bancorp in a report on Monday, January 13th. They issued an “outperform” rating and a $13.50 target price for the company. Piper Sandler boosted their target price on shares of First Northwest Bancorp from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd.

First Northwest Bancorp Price Performance

FNWB stock opened at $11.80 on Tuesday. The firm has a 50-day moving average of $10.61 and a two-hundred day moving average of $10.62. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $110.45 million, a PE ratio of -33.71 and a beta of 0.93. First Northwest Bancorp has a one year low of $8.91 and a one year high of $16.00.

First Northwest Bancorp (NASDAQ:FNWB) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.38). First Northwest Bancorp had a negative return on equity of 1.86% and a negative net margin of 2.38%. On average, analysts forecast that First Northwest Bancorp will post 0.5 earnings per share for the current year.

First Northwest Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.28 annualized dividend and a dividend yield of 2.37%. First Northwest Bancorp’s dividend payout ratio is -80.00%.

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.