First Northwest Bancorp (NASDAQ:FNWB) Director Sean Patrick Brennan Buys 2,000 Shares of Stock

First Northwest Bancorp (NASDAQ:FNWB) Director Sean Patrick Brennan bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $10.70 per share, for a total transaction of $21,400.00. Following the completion of the acquisition, the director now directly owns 9,104 shares in the company, valued at $97,412.80. The trade was a 28.15 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

First Northwest Bancorp Stock Down 0.6 %

First Northwest Bancorp stock opened at $10.60 on Tuesday. First Northwest Bancorp has a twelve month low of $8.91 and a twelve month high of $16.12. The stock has a market cap of $99.23 million, a P/E ratio of -16.31 and a beta of 0.92. The company’s 50-day moving average price is $10.66 and its two-hundred day moving average price is $10.38. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08.

First Northwest Bancorp (NASDAQ:FNWB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.33). First Northwest Bancorp had a negative return on equity of 0.18% and a negative net margin of 4.79%. The firm had revenue of $29.99 million for the quarter, compared to analyst estimates of $17.20 million. As a group, analysts expect that First Northwest Bancorp will post -0.8 EPS for the current year.

First Northwest Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.64%. First Northwest Bancorp’s payout ratio is presently -43.08%.

Wall Street Analyst Weigh In

Separately, Piper Sandler reduced their price objective on shares of First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating for the company in a research report on Monday, October 28th.

Hedge Funds Weigh In On First Northwest Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC boosted its holdings in First Northwest Bancorp by 60.5% in the 3rd quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 2,568 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in First Northwest Bancorp during the 3rd quarter worth $350,000. Pure Portfolios Holdings LLC acquired a new position in First Northwest Bancorp in the 3rd quarter valued at $353,000. Finally, Fourthstone LLC lifted its position in shares of First Northwest Bancorp by 0.3% during the 3rd quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock valued at $10,077,000 after acquiring an additional 3,239 shares during the period. 66.11% of the stock is currently owned by institutional investors and hedge funds.

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.