First Northwest Bancorp (NASDAQ:FNWB) Sees Large Growth in Short Interest

First Northwest Bancorp (NASDAQ:FNWB) saw a large growth in short interest in October. As of October 15th, there was short interest totalling 15,400 shares, a growth of 54.0% from the September 30th total of 10,000 shares. Based on an average trading volume of 25,200 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are short sold.

First Northwest Bancorp Stock Performance

Shares of NASDAQ FNWB opened at $10.13 on Tuesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a 50 day moving average price of $10.75 and a 200 day moving average price of $10.45. The stock has a market capitalization of $95.65 million, a PE ratio of -101.30 and a beta of 0.89. First Northwest Bancorp has a 52 week low of $8.91 and a 52 week high of $16.12.

Analyst Upgrades and Downgrades

Separately, Piper Sandler decreased their target price 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.

Institutional Investors Weigh In On First Northwest Bancorp

Several large investors have recently made changes to their positions in FNWB. Empowered Funds LLC increased its holdings in First Northwest Bancorp by 7.5% during the first quarter. Empowered Funds LLC now owns 15,052 shares of the financial services provider’s stock worth $236,000 after buying an additional 1,050 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in First Northwest Bancorp by 57.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 16,183 shares of the financial services provider’s stock worth $253,000 after buying an additional 5,915 shares during the last quarter. Finally, Pure Portfolios Holdings LLC bought a new position in shares of First Northwest Bancorp during the 3rd quarter worth approximately $353,000. Institutional investors and hedge funds own 66.11% of the company’s stock.

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.