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

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 14,600 shares, a growth of 22.7% from the February 28th total of 11,900 shares. Based on an average trading volume of 19,400 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. StockNews.com initiated coverage on First Northwest Bancorp in a research note on Tuesday. They issued a "hold" rating for the company. Piper Sandler raised their price target on shares of First Northwest Bancorp from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, Hovde Group started coverage on First Northwest Bancorp in a report on Monday, January 13th. They set an "outperform" rating and a $13.50 price objective on the stock.

Institutional Investors Weigh In On First Northwest Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC increased its stake in shares of 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 valued at $165,000 after buying an additional 860 shares in the last quarter. Kennedy Capital Management LLC grew its holdings in First Northwest Bancorp by 43.3% during the 4th quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider's stock worth $770,000 after acquiring an additional 22,788 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in First Northwest Bancorp by 48.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider's stock valued at $489,000 after acquiring an additional 15,622 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of First Northwest Bancorp in the fourth quarter worth about $277,000. Finally, Barclays PLC lifted its position 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 worth $72,000 after purchasing an additional 2,568 shares in the last quarter. 66.11% of the stock is owned by institutional investors and hedge funds.

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First Northwest Bancorp Price Performance

Shares of NASDAQ FNWB traded up $0.36 during midday trading on Friday, reaching $10.74. 24,465 shares of the company traded hands, compared to its average volume of 21,120. First Northwest Bancorp has a 12 month low of $8.91 and a 12 month high of $15.35. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.04 and a current ratio of 1.04. The stock's 50-day simple moving average is $10.63 and its 200-day simple moving average is $10.58. The firm has a market cap of $100.50 million, a PE ratio of -30.68 and a beta of 0.81.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.38). First Northwest Bancorp had a negative net margin of 2.38% and a negative return on equity of 1.86%. As a group, equities analysts anticipate that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

First Northwest Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.28 dividend on an annualized basis and a yield of 2.61%. First Northwest Bancorp's dividend payout ratio (DPR) is presently -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.