Private Capital Management LLC Sells 101,003 Shares of First Northwest Bancorp (NASDAQ:FNWB)

Private Capital Management LLC cut its position in First Northwest Bancorp (NASDAQ:FNWB - Free Report) by 12.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 679,002 shares of the financial services provider's stock after selling 101,003 shares during the period. First Northwest Bancorp comprises about 1.5% of Private Capital Management LLC's portfolio, making the stock its 28th largest position. Private Capital Management LLC owned approximately 7.25% of First Northwest Bancorp worth $7,265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNWB. Barclays PLC raised its stake in First Northwest Bancorp by 60.5% during the 3rd quarter. Barclays PLC now owns 6,815 shares of the financial services provider's stock worth $72,000 after buying an additional 2,568 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of First Northwest Bancorp in the third quarter worth about $350,000. FNY Investment Advisers LLC bought a new stake in shares of First Northwest Bancorp in the fourth quarter worth about $277,000. Finally, Fourthstone LLC raised its position in shares of First Northwest Bancorp by 0.3% during the third quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider's stock worth $10,077,000 after purchasing an additional 3,239 shares during the period. 66.11% of the stock is owned by institutional investors.

First Northwest Bancorp Stock Down 3.9 %

Shares of NASDAQ:FNWB traded down $0.42 during mid-day trading on Tuesday, reaching $10.25. 22,040 shares of the stock were exchanged, compared to its average volume of 21,304. The stock's 50 day simple moving average is $10.68 and its 200-day simple moving average is $10.69. First Northwest Bancorp has a one year low of $8.91 and a one year high of $16.00. The company has a market cap of $95.95 million, a P/E ratio of -29.28 and a beta of 0.93. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08.

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First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 research analysts predict that First Northwest Bancorp will post 0.5 EPS for the current year.

First Northwest Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, February 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.73%. First Northwest Bancorp's dividend payout ratio is -80.00%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FNWB. Hovde Group assumed coverage on First Northwest Bancorp in a research note on Monday, January 13th. They set an "outperform" rating and a $13.50 target price for the company. Piper Sandler increased their price objective on shares of First Northwest Bancorp from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd.

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.