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

First Northwest Bancorp (NASDAQ:FNWB) was the recipient of a large decline in short interest in 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 company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in First Northwest Bancorp by 60.5% during the third quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 2,568 shares during the last quarter. Citadel Advisors LLC raised its holdings in First Northwest Bancorp by 5.6% during the fourth quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 860 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in First Northwest Bancorp during the fourth quarter worth $277,000. Jacobs Levy Equity Management Inc. acquired a new position in First Northwest Bancorp during the third quarter worth $350,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in First Northwest Bancorp by 48.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider’s stock worth $489,000 after purchasing an additional 15,622 shares during the last quarter. 66.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Piper Sandler boosted their target price on First Northwest Bancorp from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Hovde Group assumed coverage on First Northwest Bancorp in a research report on Monday, January 13th. They set an “outperform” rating and a $13.50 price objective for the company.

First Northwest Bancorp Stock Up 1.0 %

Shares of NASDAQ:FNWB traded up $0.10 on Tuesday, hitting $10.31. 2,363 shares of the company’s stock were exchanged, compared to its average volume of 21,149. The firm’s 50-day moving average is $10.70 and its 200 day moving average is $10.65. The company has a market capitalization of $96.51 million, a PE ratio of -29.46 and a beta of 0.99. First Northwest Bancorp has a 1-year low of $8.91 and a 1-year high of $15.90. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.04 and a current ratio of 1.04.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings data 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%. Sell-side analysts predict that First Northwest Bancorp will post 0.5 EPS for the current year.

First Northwest Bancorp Dividend Announcement

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

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.