First Northwest Bancorp (NASDAQ:FNWB) CEO Matthew Deines Purchases 2,100 Shares

First Northwest Bancorp (NASDAQ:FNWB) CEO Matthew Deines acquired 2,100 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were bought at an average cost of $9.79 per share, for a total transaction of $20,559.00. Following the acquisition, the chief executive officer now owns 102,951 shares of the company’s stock, valued at $1,007,890.29. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

First Northwest Bancorp Stock Performance

Shares of First Northwest Bancorp stock traded up $0.56 during trading on Wednesday, reaching $10.26. The company’s stock had a trading volume of 21,835 shares, compared to its average volume of 20,142. The company has a 50-day moving average price of $10.67 and a two-hundred day moving average price of $10.39. The firm has a market cap of $96.89 million, a PE ratio of -14.92 and a beta of 0.90. First Northwest Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $16.12. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.90.

First Northwest Bancorp (NASDAQ:FNWB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.33). The business had revenue of $29.99 million during the quarter, compared to analyst estimates of $17.20 million. First Northwest Bancorp had a negative net margin of 4.79% and a negative return on equity of 0.18%. On average, analysts forecast that First Northwest Bancorp will post -0.8 EPS for the current year.

First Northwest Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a $0.07 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.28 annualized dividend and a yield of 2.73%. First Northwest Bancorp’s dividend payout ratio is currently -43.08%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their price objective on shares of First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Monday, October 28th.

Hedge Funds Weigh In On First Northwest Bancorp

Several institutional investors have recently bought and sold shares of FNWB. Pure Portfolios Holdings LLC acquired a new position in First Northwest Bancorp in the 3rd quarter valued at $353,000. O Shaughnessy Asset Management LLC increased its stake in First Northwest Bancorp by 57.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,183 shares of the financial services provider’s stock valued at $253,000 after buying an additional 5,915 shares during the period. Finally, Empowered Funds LLC increased its stake in First Northwest Bancorp by 7.5% in the 1st quarter. Empowered Funds LLC now owns 15,052 shares of the financial services provider’s stock valued at $236,000 after buying an additional 1,050 shares during the period. 66.11% of the stock is owned by institutional investors and hedge funds.

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.