Insider Selling: First Northwest Bancorp (NASDAQ:FNWB) Director Sells $287,750.00 in Stock

First Northwest Bancorp (NASDAQ:FNWB) Director Dana Behar sold 25,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $11.51, for a total transaction of $287,750.00. Following the completion of the sale, the director owned 115,219 shares of the company’s stock, valued at $1,326,170.69. The trade was a 17.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

First Northwest Bancorp Price Performance

Shares of NASDAQ:FNWB opened at $11.09 on Friday. The business has a 50 day moving average price of $11.18 and a 200 day moving average price of $10.21. First Northwest Bancorp has a twelve month low of $6.90 and a twelve month high of $12.52. The company has a market cap of $105.36 million, a price-to-earnings ratio of 69.32 and a beta of 0.63. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.98.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FNWB shares. Weiss Ratings raised First Northwest Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Piper Sandler boosted their price objective on First Northwest Bancorp from $13.50 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Wall Street Zen upgraded First Northwest Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Fourthstone LLC raised its position in First Northwest Bancorp by 8.1% in the 4th quarter. Fourthstone LLC now owns 939,429 shares of the financial services provider’s stock valued at $8,812,000 after buying an additional 70,337 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of First Northwest Bancorp by 14.6% during the 1st quarter. Renaissance Technologies LLC now owns 338,305 shares of the financial services provider’s stock worth $2,936,000 after acquiring an additional 43,200 shares in the last quarter. BlackRock Inc. bought a new position in shares of First Northwest Bancorp during the 2nd quarter worth approximately $1,394,000. Pinnacle Holdings LLC raised its holdings in shares of First Northwest Bancorp by 18.0% in the fourth quarter. Pinnacle Holdings LLC now owns 84,928 shares of the financial services provider’s stock valued at $797,000 after purchasing an additional 12,928 shares during the last quarter. Finally, Arcus Capital Partners LLC raised its holdings in shares of First Northwest Bancorp by 115.5% in the first quarter. Arcus Capital Partners LLC now owns 56,987 shares of the financial services provider’s stock valued at $495,000 after purchasing an additional 30,543 shares during the last quarter. Institutional investors own 66.11% of the company’s stock.

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.