First Northwest Bancorp (NASDAQ:FNWB) Director Purchases $21,400.00 in Stock

First Northwest Bancorp (NASDAQ:FNWB) Director Sean Patrick Brennan purchased 2,000 shares of the stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $10.70 per share, for a total transaction of $21,400.00. Following the acquisition, the director now directly owns 9,104 shares of the company’s stock, valued at $97,412.80. This represents a 28.15 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

First Northwest Bancorp Stock Down 2.3 %

FNWB stock opened at $10.36 on Wednesday. The company has a 50 day moving average of $10.66 and a two-hundred day moving average of $10.38. The company has a market cap of $96.98 million, a price-to-earnings ratio of -15.98 and a beta of 0.92. First Northwest Bancorp has a 12-month low of $8.91 and a 12-month high of $16.12. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08.

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

First Northwest Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Friday, November 8th. First Northwest Bancorp’s dividend payout ratio (DPR) is presently -43.08%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lowered their target price on First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th.

Institutional Investors Weigh In On First Northwest Bancorp

Several large investors have recently made changes to their positions in FNWB. Fourthstone LLC raised its position in First Northwest Bancorp by 0.3% during the third quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock valued at $10,077,000 after acquiring an additional 3,239 shares in the last quarter. Pure Portfolios Holdings LLC acquired a new position in shares of First Northwest Bancorp during the 3rd quarter worth $353,000. Jacobs Levy Equity Management Inc. bought a new position in shares of First Northwest Bancorp during the 3rd quarter valued at $350,000. Finally, Barclays PLC lifted its stake in shares of First Northwest Bancorp by 60.5% in the 3rd quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 2,568 shares during the last quarter. Institutional investors 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.