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 firm’s stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of $9.79 per share, for a total transaction of $20,559.00. Following the completion of the transaction, the chief executive officer now owns 102,951 shares of the company’s stock, valued at approximately $1,007,890.29. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

First Northwest Bancorp Trading Up 5.4 %

Shares of FNWB opened at $10.22 on Thursday. The company’s fifty day simple moving average is $10.65 and its 200-day simple moving average is $10.39. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.01 and a quick ratio of 1.01. First Northwest Bancorp has a twelve month low of $8.91 and a twelve month high of $16.12.

First Northwest Bancorp (NASDAQ:FNWB) last posted its quarterly earnings data 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). First Northwest Bancorp had a negative return on equity of 0.18% and a negative net margin of 4.79%. The firm had revenue of $29.99 million during the quarter, compared to analysts’ expectations of $17.20 million. On average, equities research analysts expect that First Northwest Bancorp will post -0.8 earnings per share for the current year.

First Northwest Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Friday, November 8th. First Northwest Bancorp’s dividend payout ratio is currently -43.08%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On First Northwest Bancorp

A number of large investors have recently bought and sold shares of the business. Pure Portfolios Holdings LLC purchased a new stake in First Northwest Bancorp in the third quarter worth $353,000. O Shaughnessy Asset Management LLC grew its holdings in shares of First Northwest Bancorp by 57.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 16,183 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 5,915 shares during the last quarter. 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 worth $236,000 after buying an additional 1,050 shares during the period. Hedge funds and other 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.