Insider Buying: First Northwest Bancorp (NASDAQ:FNWB) CEO Buys 2,100 Shares of Stock

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, with a total value of $20,559.00. Following the completion of the acquisition, the chief executive officer now owns 102,951 shares in the company, valued at approximately $1,007,890.29. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

First Northwest Bancorp Stock Performance

Shares of First Northwest Bancorp stock opened at $10.21 on Friday. The firm has a market cap of $96.38 million, a P/E ratio of -15.71 and a beta of 0.90. 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 has a 12 month low of $8.91 and a 12 month high of $16.12. The stock’s fifty day moving average price is $10.60 and its 200-day moving average price is $10.39.

First Northwest Bancorp (NASDAQ:FNWB) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.33). First Northwest Bancorp had a negative net margin of 4.79% and a negative return on equity of 0.18%. The firm had revenue of $29.99 million for 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 fiscal year.

First Northwest Bancorp Announces Dividend

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

Institutional Investors Weigh In On First Northwest Bancorp

Several institutional investors have recently added to or reduced their stakes in FNWB. Pure Portfolios Holdings LLC acquired a new stake in shares of First Northwest Bancorp during the third quarter worth about $353,000. O Shaughnessy Asset Management LLC lifted its holdings 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 purchasing an additional 5,915 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of First Northwest Bancorp by 7.5% during the first quarter. Empowered Funds LLC now owns 15,052 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 1,050 shares during the period. Institutional investors and hedge funds own 66.11% of the company’s stock.

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 for the company in a research report on Monday, October 28th.

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.