First Northwest Bancorp (NASDAQ:FNWB) Short Interest Update

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. 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 report on Monday, February 3rd. Hovde Group assumed coverage on shares of First Northwest Bancorp in a report on Monday, January 13th. They set an “outperform” rating and a $13.50 price target for the company.

First Northwest Bancorp Trading Down 4.0 %

First Northwest Bancorp stock traded down $0.47 during mid-day trading on Tuesday, hitting $11.41. 28,630 shares of the stock were exchanged, compared to its average volume of 21,517. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08. First Northwest Bancorp has a 12 month low of $8.91 and a 12 month high of $16.00. The firm’s fifty day simple moving average is $10.61 and its two-hundred day simple moving average is $10.62. The stock has a market capitalization of $106.80 million, a price-to-earnings ratio of -32.60 and a beta of 0.93.

First Northwest Bancorp (NASDAQ:FNWB) last released 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 return on equity of 1.86% and a negative net margin of 2.38%. Analysts forecast that First Northwest Bancorp will post 0.5 EPS for the current year.

First Northwest Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.28 annualized dividend and a dividend yield of 2.45%. First Northwest Bancorp’s dividend payout ratio is currently -80.00%.

Institutional Trading of First Northwest Bancorp

Several hedge funds have recently modified their holdings of FNWB. Citadel Advisors LLC grew its position in First Northwest Bancorp by 5.6% in the 4th quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 860 shares during the period. Kennedy Capital Management LLC grew its position in 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 purchasing an additional 22,788 shares during the period. Arrowstreet Capital Limited Partnership grew 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 purchasing an additional 15,622 shares during the period. FNY Investment Advisers LLC acquired a new stake in First Northwest Bancorp in the 4th quarter valued at $277,000. Finally, Barclays PLC grew its position in First Northwest Bancorp by 60.5% in 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. Institutional investors own 66.11% of the company’s stock.

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.