First Northwest Bancorp (NASDAQ:FNWB) Short Interest Update

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 11,900 shares, a decline of 24.2% from the February 13th total of 15,700 shares. Based on an average trading volume of 22,400 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company's stock are sold short.

Institutional Trading of First Northwest Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FNWB. Jacobs Levy Equity Management Inc. acquired a new position in shares of First Northwest Bancorp in the 3rd quarter valued at $350,000. FNY Investment Advisers LLC acquired a new position in shares of First Northwest Bancorp in the 4th quarter valued at $277,000. Kennedy Capital Management LLC increased its holdings in shares of First Northwest Bancorp by 43.3% in the 4th quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider's stock valued at $770,000 after acquiring an additional 22,788 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of 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 during the period. Finally, Fourthstone LLC increased its holdings in shares of First Northwest Bancorp by 0.3% in the 3rd 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 during the period. Institutional investors and hedge funds own 66.11% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FNWB. Hovde Group began coverage on shares of First Northwest Bancorp in a research note on Monday, January 13th. They issued an "outperform" rating and a $13.50 price target for the company. Piper Sandler lifted 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, StockNews.com began coverage on shares of First Northwest Bancorp in a research note on Thursday. They issued a "hold" rating for the company.

First Northwest Bancorp Stock Down 2.0 %

FNWB stock traded down $0.21 during midday trading on Thursday, reaching $10.31. 19,401 shares of the company were exchanged, compared to its average volume of 21,056. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.04 and a current ratio of 1.04. First Northwest Bancorp has a 1-year low of $8.91 and a 1-year high of $15.90. The stock's 50-day simple moving average is $10.70 and its 200 day simple moving average is $10.65. The company has a market cap of $96.51 million, a price-to-earnings ratio of -29.46 and a beta of 0.99.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share 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, equities analysts forecast that First Northwest Bancorp will post 0.5 earnings per share for the current year.

First Northwest Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued 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 2.72%. First Northwest Bancorp's payout ratio is currently -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.