First Northwest Bancorp (NASDAQ:FNWB) Director Dana Behar Sells 25,000 Shares of Stock

First Northwest Bancorp (NASDAQ:FNWB) Director Dana Behar sold 25,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $11.51, for a total value of $287,750.00. Following the completion of the transaction, the director owned 115,219 shares of the company’s stock, valued at $1,326,170.69. The trade was a 17.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

First Northwest Bancorp Price Performance

Shares of FNWB opened at $11.40 on Wednesday. First Northwest Bancorp has a 1 year low of $6.90 and a 1 year high of $12.52. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a 50 day simple moving average of $11.15 and a two-hundred day simple moving average of $10.20. The firm has a market cap of $108.30 million, a P/E ratio of 71.25 and a beta of 0.63.

First Northwest Bancorp (NASDAQ:FNWB) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $16.18 million during the quarter, compared to analysts’ expectations of $16.95 million. First Northwest Bancorp had a net margin of 1.32% and a return on equity of 0.96%. On average, analysts forecast that First Northwest Bancorp will post 0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Northwest Bancorp

A number of hedge funds have recently modified their holdings of FNWB. Empowered Funds LLC raised its holdings in First Northwest Bancorp by 8.7% in the 1st quarter. Empowered Funds LLC now owns 22,793 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 1,822 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of First Northwest Bancorp by 13.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 5,441 shares in the last quarter. Pinnacle Holdings LLC boosted its stake in shares of First Northwest Bancorp by 18.0% during the 4th quarter. Pinnacle Holdings LLC now owns 84,928 shares of the financial services provider’s stock valued at $797,000 after purchasing an additional 12,928 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of First Northwest Bancorp by 5.6% during the fourth quarter. Renaissance Technologies LLC now owns 295,105 shares of the financial services provider’s stock valued at $2,768,000 after buying an additional 15,600 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of First Northwest Bancorp during the fourth quarter valued at about $199,000. Hedge funds and other institutional investors own 66.11% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Weiss Ratings upgraded First Northwest Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Piper Sandler lifted their price target on First Northwest Bancorp from $13.50 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Wall Street Zen upgraded First Northwest Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.00.

About First Northwest Bancorp

First Northwest Bancorp is a bank holding company headquartered in Mountlake Terrace, Washington. Through its wholly owned subsidiary, First Northwest Bank, the company delivers a full spectrum of community banking services to individuals, families, and small to mid-sized businesses. Its operations are rooted in local decision-making and personalized client relationships, reflecting a community-oriented banking model.

On the retail side, First Northwest Bank offers a range of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.