First Northwest Bancorp (NASDAQ:FNWB) Short Interest Up 54.0% in October

First Northwest Bancorp (NASDAQ:FNWB) saw a significant growth in short interest in the month of 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. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 25,200 shares, the short-interest ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their target price on shares of First Northwest Bancorp from $11.00 to $11.50 and gave the company a “neutral” rating in a research note on Tuesday, July 30th.

First Northwest Bancorp Price Performance

NASDAQ FNWB traded down $0.20 during trading hours on Friday, reaching $10.36. The company’s stock had a trading volume of 32,363 shares, compared to its average volume of 33,769. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.01 and a quick ratio of 1.01. First Northwest Bancorp has a 1-year low of $8.91 and a 1-year high of $16.12. The company’s 50-day moving average is $10.75 and its two-hundred day moving average is $10.47. The firm has a market capitalization of $97.80 million, a price-to-earnings ratio of -73.99 and a beta of 0.89.

First Northwest Bancorp (NASDAQ:FNWB) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.08. First Northwest Bancorp had a positive return on equity of 2.61% and a negative net margin of 1.02%. The business had revenue of $21.60 million during the quarter, compared to analysts’ expectations of $17.10 million. On average, equities analysts predict that First Northwest Bancorp will post 0.46 EPS for the current year.

Insider Activity at First Northwest Bancorp

In related news, CEO Matthew Deines purchased 9,285 shares of the business’s stock in a transaction on Monday, July 29th. The shares were bought at an average cost of $10.79 per share, with a total value of $100,185.15. Following the transaction, the chief executive officer now owns 110,740 shares of the company’s stock, valued at approximately $1,194,884.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired 10,435 shares of company stock worth $112,058 over the last three months. Company insiders own 4.94% of the company’s stock.

Institutional Investors Weigh In On First Northwest Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pure Portfolios Holdings LLC purchased a new stake in First Northwest Bancorp during the 3rd quarter worth about $353,000. O Shaughnessy Asset Management LLC increased its stake in shares of 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 period. Finally, Empowered Funds LLC raised its holdings in First Northwest Bancorp by 7.5% in the first quarter. Empowered Funds LLC now owns 15,052 shares of the financial services provider’s stock valued at $236,000 after acquiring an additional 1,050 shares in the last quarter. Institutional investors and hedge funds own 66.11% of the company’s stock.

First Northwest Bancorp Company Profile

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.