Matthew Deines Purchases 2,000 Shares of First Northwest Bancorp (NASDAQ:FNWB) Stock

First Northwest Bancorp (NASDAQ:FNWBGet Rating) CEO Matthew Deines purchased 2,000 shares of the stock in a transaction on Friday, September 16th. The stock was acquired at an average cost of $15.95 per share, for a total transaction of $31,900.00. Following the acquisition, the chief executive officer now owns 79,153 shares in the company, valued at $1,262,490.35. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Matthew Deines also recently made the following trade(s):

  • On Tuesday, August 9th, Matthew Deines acquired 2,000 shares of First Northwest Bancorp stock. The shares were purchased at an average cost of $16.00 per share, for a total transaction of $32,000.00.

First Northwest Bancorp Price Performance

Shares of First Northwest Bancorp stock opened at $16.28 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.96 and a quick ratio of 0.96. The business’s 50 day simple moving average is $16.36 and its two-hundred day simple moving average is $18.19. The stock has a market capitalization of $161.61 million, a P/E ratio of 10.30 and a beta of 0.90. First Northwest Bancorp has a one year low of $14.50 and a one year high of $23.77.

First Northwest Bancorp (NASDAQ:FNWBGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The company had revenue of $19.47 million during the quarter, compared to analysts’ expectations of $19.16 million. First Northwest Bancorp had a return on equity of 8.10% and a net margin of 17.47%. Analysts forecast that First Northwest Bancorp will post 1.4 EPS for the current year.

First Northwest Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were paid a $0.07 dividend. The ex-dividend date was Thursday, August 11th. This represents a $0.28 dividend on an annualized basis and a yield of 1.72%. First Northwest Bancorp’s dividend payout ratio (DPR) is currently 17.72%.

Analyst Ratings Changes

FNWB has been the topic of a number of research reports. StockNews.com initiated coverage on First Northwest Bancorp in a report on Tuesday, September 13th. They set a “buy” rating on the stock. Piper Sandler reissued an “overweight” rating and set a $19.00 price objective on shares of First Northwest Bancorp in a report on Wednesday, June 1st. Finally, Hovde Group decreased their price objective on First Northwest Bancorp to $21.50 in a report on Friday, June 3rd.

Hedge Funds Weigh In On First Northwest Bancorp

A number of large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC grew its position in shares of First Northwest Bancorp by 90.1% in the 4th quarter. Acadian Asset Management LLC now owns 19,179 shares of the financial services provider’s stock worth $384,000 after buying an additional 9,092 shares during the last quarter. Greenwich Investment Management Inc. bought a new stake in shares of First Northwest Bancorp in the 4th quarter worth approximately $1,809,000. Private Capital Management LLC grew its position in shares of First Northwest Bancorp by 6.8% in the 4th quarter. Private Capital Management LLC now owns 805,250 shares of the financial services provider’s stock worth $16,266,000 after buying an additional 51,006 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of First Northwest Bancorp in the 1st quarter worth approximately $429,000. Finally, Petiole USA ltd grew its position in shares of First Northwest Bancorp by 6.9% in the 1st quarter. Petiole USA ltd now owns 86,848 shares of the financial services provider’s stock worth $1,918,000 after buying an additional 5,600 shares during the last quarter. 53.13% of the stock is owned by hedge funds and other institutional investors.

About First Northwest Bancorp

(Get Rating)

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. It accepts various deposit instruments, including checking, money market deposit, savings, and transaction accounts, as well as certificates of deposit.

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