First Northwest Bancorp (NASDAQ:FNWB) Sees Significant Decrease in Short Interest

First Northwest Bancorp (NASDAQ:FNWB) was the recipient of 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 daily volume of 22,400 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Hovde Group assumed coverage on First Northwest Bancorp in a report on Monday, January 13th. They issued an “outperform” rating and a $13.50 price target for the company. Piper Sandler boosted their price target on First Northwest Bancorp from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd.

First Northwest Bancorp Price Performance

Shares of NASDAQ FNWB traded up $0.10 during trading on Tuesday, reaching $10.31. The company had a trading volume of 2,363 shares, compared to its average volume of 21,149. First Northwest Bancorp has a twelve month low of $8.91 and a twelve month high of $15.90. The stock has a market capitalization of $96.51 million, a PE ratio of -29.46 and a beta of 0.99. The stock has a 50-day moving average price of $10.70 and a two-hundred day moving average price of $10.65. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.08.

First Northwest Bancorp (NASDAQ:FNWB) last released its 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%. As a group, sell-side analysts predict that First Northwest Bancorp will post 0.5 earnings per share for the current year.

First Northwest Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.07 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.28 annualized dividend and a yield of 2.72%. First Northwest Bancorp’s payout ratio is currently -80.00%.

Hedge Funds Weigh In On First Northwest Bancorp

Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC increased its stake in First Northwest Bancorp by 60.5% in the third 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 last quarter. Jacobs Levy Equity Management Inc. acquired a new position in First Northwest Bancorp in the third quarter valued at $350,000. FNY Investment Advisers LLC acquired a new position in First Northwest Bancorp in the fourth quarter valued at $277,000. Fourthstone LLC increased its stake in First Northwest Bancorp by 0.3% in the third 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 last quarter. Finally, Citadel Advisors LLC increased its stake in First Northwest Bancorp by 5.6% in the fourth 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 last quarter. 66.11% of the stock is currently owned by institutional investors and hedge funds.

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.