Northern Trust Corp Decreases Holdings in First Northwest Bancorp (NASDAQ:FNWB)

Northern Trust Corp cut its stake in First Northwest Bancorp (NASDAQ:FNWB) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,196 shares of the financial services provider’s stock after selling 4,901 shares during the quarter. Northern Trust Corp owned about 0.94% of First Northwest Bancorp worth $1,501,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of FNWB. Brandywine Global Investment Management LLC boosted its position in First Northwest Bancorp by 29.9% in the 4th quarter. Brandywine Global Investment Management LLC now owns 188,618 shares of the financial services provider’s stock valued at $2,942,000 after buying an additional 43,393 shares during the last quarter. BHZ Capital Management LP grew its position in shares of First Northwest Bancorp by 1.0% during the fourth quarter. BHZ Capital Management LP now owns 147,862 shares of the financial services provider’s stock worth $2,307,000 after acquiring an additional 1,534 shares during the last quarter. Citigroup Inc. boosted its position in First Northwest Bancorp by 310.3% during the 4th quarter. Citigroup Inc. now owns 1,715 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,297 shares during the period. Rhumbline Advisers lifted its position in First Northwest Bancorp by 13.5% in the fourth quarter. Rhumbline Advisers now owns 15,293 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 1,818 shares during the period. Finally, Monarch Partners Asset Management LLC acquired a new position in First Northwest Bancorp during the fourth quarter worth about $620,000. Institutional investors own 51.70% of the company’s stock.

NASDAQ FNWB opened at $16.05 on Wednesday. First Northwest Bancorp has a 12 month low of $9.27 and a 12 month high of $18.74. The company has a market capitalization of $163.73 million, a P/E ratio of 17.26 and a beta of 0.99. The company’s 50 day simple moving average is $17.25 and its 200 day simple moving average is $15.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.88.

First Northwest Bancorp (NASDAQ:FNWB) last issued its earnings results on Thursday, January 28th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter. The company had revenue of $17.32 million during the quarter. First Northwest Bancorp had a net margin of 13.86% and a return on equity of 4.99%.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 26th. Investors of record on Friday, February 12th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, February 11th. This represents a $0.24 dividend on an annualized basis and a yield of 1.50%.

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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