First Northwest Bancorp (NASDAQ:FNWB) Short Interest Up 54.0% in October

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 15,400 shares, an increase of 54.0% from the September 30th total of 10,000 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 25,200 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their price objective on First Northwest Bancorp from $11.00 to $11.50 and gave the stock a "neutral" rating in a report on Tuesday, July 30th.

First Northwest Bancorp Trading Down 1.9 %

Shares of First Northwest Bancorp stock traded down $0.20 during trading on Friday, reaching $10.36. The company's stock had a trading volume of 32,363 shares, compared to its average volume of 33,769. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.86. First Northwest Bancorp has a 52-week low of $8.91 and a 52-week high of $16.12. The firm's 50-day moving average is $10.75 and its two-hundred day moving average is $10.45. The company has a market cap of $97.80 million, a price-to-earnings ratio of -73.99 and a beta of 0.89.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.08. First Northwest Bancorp had a positive return on equity of 2.61% and a negative net margin of 1.02%. The firm had revenue of $21.60 million for the quarter, compared to analysts' expectations of $17.10 million. On average, sell-side analysts anticipate that First Northwest Bancorp will post 0.46 earnings per share for the current year.

Insider Activity

In related news, CEO Matthew Deines purchased 9,285 shares of the business's stock in a transaction on Monday, July 29th. The stock was acquired at an average price of $10.79 per share, with a total value of $100,185.15. Following the purchase, the chief executive officer now directly owns 110,740 shares in the company, valued at approximately $1,194,884.60. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders acquired 10,435 shares of company stock worth $112,058. 4.94% of the stock is currently owned by insiders.

Hedge Funds Weigh In On First Northwest Bancorp

A number of large investors have recently bought and sold shares of the stock. Pure Portfolios Holdings LLC bought a new stake in First Northwest Bancorp in the 3rd quarter worth $353,000. O Shaughnessy Asset Management LLC raised its position in First Northwest Bancorp by 57.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,183 shares of the financial services provider's stock valued at $253,000 after purchasing an additional 5,915 shares during the last quarter. Finally, Empowered Funds LLC raised its position in First Northwest Bancorp by 7.5% during the 1st quarter. Empowered Funds LLC now owns 15,052 shares of the financial services provider's stock valued at $236,000 after purchasing an additional 1,050 shares during the last quarter. 66.11% of the stock is owned by hedge funds and other institutional investors.

About First Northwest Bancorp

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.