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

First Northwest Bancorp (NASDAQ:FNWB) Director Dana Behar sold 25,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $11.51, for a total value of $287,750.00. Following the transaction, the director owned 115,219 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link.

First Northwest Bancorp Stock Up 0.6%

NASDAQ FNWB traded up $0.07 on Tuesday, reaching $11.47. 2,928 shares of the stock traded hands, compared to its average volume of 36,143. First Northwest Bancorp has a 12 month low of $6.90 and a 12 month high of $12.52. The company has a market cap of $108.97 million, a price-to-earnings ratio of 71.69 and a beta of 0.63. The company has a fifty day moving average price of $11.13 and a 200-day moving average price of $10.20. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.04 and a current ratio of 1.04.

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

Analyst Ratings Changes

A number of research firms have commented on FNWB. Wall Street Zen raised shares of First Northwest Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings raised shares of First Northwest Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 1st. Finally, Piper Sandler boosted their price objective on shares of First Northwest Bancorp from $13.50 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, First Northwest Bancorp currently has a consensus rating of “Hold” and a consensus price target of $15.00.

Institutional Investors Weigh In On First Northwest Bancorp

Several institutional investors have recently bought and sold shares of FNWB. Empowered Funds LLC boosted its stake in First Northwest Bancorp by 9.6% in the 4th quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 1,841 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of First Northwest Bancorp during the fourth quarter valued at $199,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of First Northwest Bancorp in the 2nd quarter valued at $345,000. Bridgeway Capital Management LLC increased its position in shares of First Northwest Bancorp by 13.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider’s stock valued at $418,000 after acquiring an additional 5,441 shares during the period. Finally, Bank of America Corp DE acquired a new stake in First Northwest Bancorp during the 2nd quarter worth about $533,000. 66.11% of the stock is currently owned by institutional investors and hedge funds.

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.