Insider Buying: First Northwest Bancorp (NASDAQ:FNWB) CEO Buys $20,559.00 in Stock

First Northwest Bancorp (NASDAQ:FNWB) CEO Matthew Deines purchased 2,100 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was acquired at an average price of $9.79 per share, with a total value of $20,559.00. Following the completion of the transaction, the chief executive officer now owns 102,951 shares in the company, valued at approximately $1,007,890.29. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

First Northwest Bancorp Stock Performance

NASDAQ FNWB opened at $10.21 on Friday. The company has a market capitalization of $96.38 million, a PE ratio of -15.71 and a beta of 0.90. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50-day simple moving average of $10.60 and a 200 day simple moving average of $10.39. First Northwest Bancorp has a 52-week low of $8.91 and a 52-week high of $16.12.

First Northwest Bancorp (NASDAQ:FNWB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.33). First Northwest Bancorp had a negative return on equity of 0.18% and a negative net margin of 4.79%. The business had revenue of $29.99 million during the quarter, compared to analysts’ expectations of $17.20 million. On average, research analysts predict that First Northwest Bancorp will post -0.8 EPS for the current year.

First Northwest Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.07 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.74%. First Northwest Bancorp’s payout ratio is -43.08%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Empowered Funds LLC increased its position in First Northwest Bancorp by 7.5% during the 1st quarter. Empowered Funds LLC now owns 15,052 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 1,050 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in First Northwest Bancorp by 57.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,183 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 5,915 shares during the period. Finally, Pure Portfolios Holdings LLC bought a new position in First Northwest Bancorp during the 3rd quarter valued at about $353,000. 66.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Piper Sandler cut their target price on shares of First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th.

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.