Short Interest in First Northwest Bancorp (NASDAQ:FNWB) Drops By 5.6%

First Northwest Bancorp (NASDAQ:FNWB) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 33,500 shares, a decrease of 5.6% from the March 31st total of 35,500 shares. Based on an average trading volume of 16,800 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.4% of the company’s stock are sold short.

First Northwest Bancorp Stock Performance

First Northwest Bancorp stock traded down $0.30 during mid-day trading on Tuesday, hitting $10.75. 9,410 shares of the company’s stock traded hands, compared to its average volume of 15,811. The firm has a 50 day simple moving average of $14.28 and a two-hundred day simple moving average of $14.32. First Northwest Bancorp has a fifty-two week low of $9.94 and a fifty-two week high of $16.12. The stock has a market cap of $101.48 million, a price-to-earnings ratio of 44.20 and a beta of 0.77. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.03 and a quick ratio of 1.03.

First Northwest Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, May 9th. First Northwest Bancorp’s dividend payout ratio is 112.00%.

Insiders Place Their Bets

In other First Northwest Bancorp news, EVP Terry A. Anderson sold 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $15.72, for a total transaction of $48,732.00. Following the completion of the transaction, the executive vice president now owns 16,677 shares of the company’s stock, valued at approximately $262,162.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders bought a total of 2,099 shares of company stock valued at $33,020 in the last quarter. 4.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On First Northwest Bancorp

Several hedge funds have recently added to or reduced their stakes in FNWB. Coldstream Capital Management Inc. acquired a new stake in First Northwest Bancorp during the 3rd quarter valued at $436,000. Pacific Ridge Capital Partners LLC lifted its holdings in First Northwest Bancorp by 2.1% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 301,674 shares of the financial services provider’s stock valued at $3,702,000 after purchasing an additional 6,341 shares during the last quarter. Brandywine Global Investment Management LLC lifted its holdings in First Northwest Bancorp by 2.0% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 119,961 shares of the financial services provider’s stock valued at $1,472,000 after purchasing an additional 2,400 shares during the last quarter. Equitable Trust Co. increased its position in First Northwest Bancorp by 6.6% during the 4th quarter. Equitable Trust Co. now owns 19,496 shares of the financial services provider’s stock worth $311,000 after buying an additional 1,201 shares during the period. Finally, Barclays PLC increased its position in First Northwest Bancorp by 21.9% during the 3rd quarter. Barclays PLC now owns 6,022 shares of the financial services provider’s stock worth $74,000 after buying an additional 1,083 shares during the period. Institutional investors and hedge funds own 66.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on FNWB. TheStreet downgraded First Northwest Bancorp from a “c+” rating to a “d+” rating in a report on Thursday, January 25th. StockNews.com raised First Northwest Bancorp from a “sell” rating to a “hold” rating in a report on Friday, March 1st.

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.