First Northwest Bancorp (NASDAQ:FNWB) Short Interest Down 13.2% in January

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) was the recipient of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 17,100 shares, a decline of 13.2% from the January 15th total of 19,700 shares. Based on an average daily trading volume, of 19,600 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the company's stock are short sold.

First Northwest Bancorp Stock Performance

Shares of NASDAQ FNWB traded down $0.17 during midday trading on Thursday, hitting $10.87. The company's stock had a trading volume of 129,984 shares, compared to its average volume of 25,939. First Northwest Bancorp has a 1-year low of $8.91 and a 1-year high of $16.00. The firm's fifty day moving average price is $10.63 and its 200-day moving average price is $10.64. 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 firm has a market cap of $101.74 million, a P/E ratio of -31.06 and a beta of 0.93.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) 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%. On average, sell-side analysts forecast that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

First Northwest Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Friday, February 14th. First Northwest Bancorp's payout ratio is -80.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FNWB. Pure Portfolios Holdings LLC acquired a new position in First Northwest Bancorp during the 3rd quarter valued at about $353,000. Fourthstone LLC boosted its stake in First Northwest Bancorp by 0.3% during the 3rd quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider's stock valued at $10,077,000 after purchasing an additional 3,239 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in First Northwest Bancorp during the 3rd quarter valued at about $350,000. Barclays PLC boosted 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 valued at $72,000 after purchasing an additional 2,568 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in First Northwest Bancorp during the 4th quarter valued at about $277,000. 66.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FNWB. Hovde Group began coverage on shares of First Northwest Bancorp in a research note on Monday, January 13th. They set an "outperform" rating and a $13.50 price target on the stock. Piper Sandler boosted their target price 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.