Short Interest in First Northwest Bancorp (NASDAQ:FNWB) Decreases By 37.7%

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 9,600 shares, a drop of 37.7% from the October 15th total of 15,400 shares. Based on an average daily volume of 25,800 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of First Northwest Bancorp

A number of hedge funds have recently made changes to their positions in the stock. Fourthstone LLC raised its position 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 valued at $10,077,000 after acquiring an additional 3,239 shares in the last quarter. Pure Portfolios Holdings LLC bought a new position in First Northwest Bancorp during the third quarter valued at approximately $353,000. O Shaughnessy Asset Management LLC raised its position in First Northwest Bancorp by 57.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 16,183 shares of the financial services provider's stock valued at $253,000 after acquiring an additional 5,915 shares in the last quarter. Finally, Empowered Funds LLC raised 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 acquiring an additional 1,050 shares in the last quarter. 66.11% of the stock is owned by hedge funds and other institutional investors.

First Northwest Bancorp Trading Up 0.9 %

Shares of FNWB traded up $0.09 during midday trading on Thursday, hitting $10.60. The stock had a trading volume of 14,655 shares, compared to its average volume of 20,001. First Northwest Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $16.12. The business has a 50-day simple moving average of $10.52 and a two-hundred day simple moving average of $10.37. The firm has a market cap of $100.06 million, a P/E ratio of -16.31 and a beta of 0.90. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.90.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last announced its earnings results on Tuesday, October 29th. The financial services provider reported ($0.23) EPS for the quarter, missing the consensus estimate 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 return on equity of 0.18% and a negative net margin of 4.79%. As a group, equities analysts forecast that First Northwest Bancorp will post -0.8 EPS for the current year.

First Northwest Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, November 8th. First Northwest Bancorp's dividend payout ratio (DPR) is -43.08%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reduced 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 report on Monday, October 28th.

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.