First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) Director Gabriel Steven Galanda acquired 1,000 shares of the business's stock in a transaction dated Monday, April 28th. The shares were acquired at an average price of $10.81 per share, for a total transaction of $10,810.00. Following the acquisition, the director now directly owns 10,033 shares in the company, valued at $108,456.73. This represents a 11.07 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
First Northwest Bancorp Stock Performance
Shares of FNWB stock opened at $10.23 on Wednesday. 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 has a 12 month low of $8.86 and a 12 month high of $12.10. The company's fifty day simple moving average is $10.26 and its 200-day simple moving average is $10.53. The firm has a market cap of $96.58 million, a PE ratio of -29.23 and a beta of 0.81.
First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.17 EPS for the quarter, beating the consensus estimate of $0.12 by $0.05. The company had revenue of $17.94 million during the quarter, compared to the consensus estimate of $16.40 million. First Northwest Bancorp had a negative return on equity of 1.86% and a negative net margin of 2.38%. Equities research analysts expect that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.
First Northwest Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.28 annualized dividend and a dividend yield of 2.74%. First Northwest Bancorp's dividend payout ratio is presently -127.27%.
Institutional Investors Weigh In On First Northwest Bancorp
Several hedge funds have recently bought and sold shares of the company. Barclays PLC increased its position in First Northwest Bancorp by 60.5% during the third quarter. Barclays PLC now owns 6,815 shares of the financial services provider's stock worth $72,000 after buying an additional 2,568 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of First Northwest Bancorp by 5.6% during the 4th quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider's stock worth $165,000 after acquiring an additional 860 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in First Northwest Bancorp in the 4th quarter valued at $277,000. Arrowstreet Capital Limited Partnership lifted its holdings in First Northwest Bancorp by 48.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider's stock valued at $489,000 after purchasing an additional 15,622 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its position in First Northwest Bancorp by 43.3% during the fourth quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider's stock worth $770,000 after purchasing an additional 22,788 shares during the period. 66.11% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
FNWB has been the topic of a number of research reports. Piper Sandler lifted their price target on shares of First Northwest Bancorp from $11.50 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday. Hovde Group started coverage on shares of First Northwest Bancorp in a research note on Monday, January 13th. They issued an "outperform" rating and a $13.50 target price for the company. Finally, StockNews.com started coverage on First Northwest Bancorp in a research note on Thursday, April 17th. They issued a "hold" rating on the stock.
Read Our Latest Stock Report on FNWB
About First Northwest Bancorp
(
Get Free Report)
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.
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