First Northwest Bancorp (NASDAQ:FNWB) Shares Sold by Equitable Trust Co.

Equitable Trust Co. lowered its holdings in shares of First Northwest Bancorp (NASDAQ:FNWB) by 16.2% in the fourth quarter, Holdings Channel reports. The firm owned 15,855 shares of the financial services provider’s stock after selling 3,065 shares during the quarter. Equitable Trust Co.’s holdings in First Northwest Bancorp were worth $162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pure Portfolios Holdings LLC purchased a new stake in shares of First Northwest Bancorp in the third quarter valued at about $353,000. Jacobs Levy Equity Management Inc. acquired a new position in First Northwest Bancorp in the 3rd quarter valued at about $350,000. FNY Investment Advisers LLC purchased a new stake in First Northwest Bancorp during the 4th quarter valued at approximately $277,000. Fourthstone LLC lifted its position in First Northwest Bancorp by 0.3% during the 3rd quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock worth $10,077,000 after acquiring an additional 3,239 shares during the period. Finally, Barclays PLC grew its stake in shares of 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 last quarter. 66.11% of the stock is owned by hedge funds and other institutional investors.

First Northwest Bancorp Price Performance

Shares of FNWB opened at $10.88 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.08. The stock’s 50 day moving average is $10.54 and its two-hundred day moving average is $10.58. First Northwest Bancorp has a twelve month low of $8.91 and a twelve month high of $16.00. The firm has a market capitalization of $101.84 million, a PE ratio of -31.08 and a beta of 0.93.

First Northwest Bancorp (NASDAQ:FNWB) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.38). First Northwest Bancorp had a negative net margin of 2.38% and a negative return on equity of 1.86%. Research analysts anticipate that First Northwest Bancorp will post 0.5 earnings per share for the current year.

First Northwest Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.57%. First Northwest Bancorp’s dividend payout ratio (DPR) is presently -80.00%.

Wall Street Analyst Weigh In

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

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.