First Northwest BanCorp (NASDAQ:FNWB) Sees Large Decline in Short Interest

First Northwest BanCorp (NASDAQ:FNWB) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 51,300 shares, a decline of 7.2% from the June 30th total of 55,300 shares. Based on an average daily trading volume, of 10,800 shares, the short-interest ratio is currently 4.8 days. Currently, 0.6% of the shares of the company are sold short.

A number of institutional investors have recently bought and sold shares of the business. Private Capital Management LLC boosted its stake in First Northwest BanCorp by 3.7% during the 2nd quarter. Private Capital Management LLC now owns 748,704 shares of the financial services provider’s stock valued at $12,166,000 after purchasing an additional 26,786 shares during the period. BlackRock Inc. boosted its stake in First Northwest BanCorp by 3.4% during the 4th quarter. BlackRock Inc. now owns 524,770 shares of the financial services provider’s stock valued at $7,782,000 after purchasing an additional 17,173 shares during the period. Renaissance Technologies LLC boosted its stake in First Northwest BanCorp by 1.4% during the 2nd quarter. Renaissance Technologies LLC now owns 384,705 shares of the financial services provider’s stock valued at $6,251,000 after purchasing an additional 5,300 shares during the period. Dimensional Fund Advisors LP boosted its stake in First Northwest BanCorp by 16.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 317,832 shares of the financial services provider’s stock valued at $4,714,000 after purchasing an additional 45,831 shares during the period. Finally, Pacific Ridge Capital Partners LLC lifted its stake in shares of First Northwest BanCorp by 2.2% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 193,436 shares of the financial services provider’s stock worth $3,143,000 after acquiring an additional 4,074 shares during the period. 48.71% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the stock. ValuEngine lowered shares of First Northwest BanCorp from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. TheStreet lowered shares of First Northwest BanCorp from a “b-” rating to a “c” rating in a report on Thursday, April 25th.

Shares of NASDAQ FNWB traded up $0.09 during midday trading on Thursday, hitting $16.09. The company’s stock had a trading volume of 28,803 shares, compared to its average volume of 13,594. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s fifty day moving average price is $16.19 and its 200-day moving average price is $16.03. The firm has a market cap of $176.03 million, a P/E ratio of 19.42 and a beta of 0.50. First Northwest BanCorp has a 1-year low of $13.56 and a 1-year high of $16.98.

First Northwest BanCorp (NASDAQ:FNWB) last posted its earnings results on Friday, July 26th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $11.10 million during the quarter. First Northwest BanCorp had a net margin of 15.26% and a return on equity of 4.84%.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 23rd will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Thursday, August 22nd.

First Northwest BanCorp Company 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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