Fmr LLC Sells 22,700 Shares of First Northwest BanCorp (NASDAQ:FNWB)

FMR LLC trimmed its holdings in First Northwest BanCorp (NASDAQ:FNWB) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,009,839 shares of the financial services provider’s stock after selling 22,700 shares during the period. FMR LLC owned 8.91% of First Northwest BanCorp worth $14,976,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Citigroup Inc. increased its holdings in First Northwest BanCorp by 157.8% during the 4th quarter. Citigroup Inc. now owns 6,761 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 4,138 shares during the last quarter. Rhumbline Advisers bought a new stake in shares of First Northwest BanCorp in the 4th quarter valued at approximately $198,000. Equitable Trust Co. bought a new stake in shares of First Northwest BanCorp in the 4th quarter valued at approximately $305,000. Strs Ohio increased its holdings in shares of First Northwest BanCorp by 2.9% in the 4th quarter. Strs Ohio now owns 35,400 shares of the financial services provider’s stock valued at $524,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Bridgeway Capital Management Inc. increased its holdings in shares of First Northwest BanCorp by 11.2% in the 3rd quarter. Bridgeway Capital Management Inc. now owns 54,500 shares of the financial services provider’s stock valued at $839,000 after acquiring an additional 5,500 shares during the last quarter. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:FNWB traded down $0.20 during midday trading on Monday, reaching $15.80. 8,918 shares of the company traded hands, compared to its average volume of 15,490. First Northwest BanCorp has a twelve month low of $13.56 and a twelve month high of $17.34. The firm has a market capitalization of $176.64 million, a P/E ratio of 23.22 and a beta of 0.54. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.94 and a quick ratio of 0.94.

First Northwest BanCorp (NASDAQ:FNWB) last announced its quarterly earnings results on Friday, February 1st. The financial services provider reported $0.21 earnings per share (EPS) for the quarter. First Northwest BanCorp had a return on equity of 4.12% and a net margin of 13.74%. The company had revenue of $11.01 million during the quarter.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.12 dividend on an annualized basis and a yield of 0.76%.

Separately, ValuEngine lowered First Northwest BanCorp from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd.

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First Northwest BanCorp Profile

First Northwest Bancorp operates as a bank holding company for First Federal Savings and Loan Association of Port Angeles that provides commercial and consumer banking services to individuals, businesses, and nonprofit organizations in western Washington, the United States. The company offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, transaction accounts, and certificates of deposit.

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Institutional Ownership by Quarter for First Northwest BanCorp (NASDAQ:FNWB)

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