Sean Patrick Brennan Purchases 2,000 Shares of First Northwest Bancorp (NASDAQ:FNWB) Stock

First Northwest Bancorp (NASDAQ:FNWB) Director Sean Patrick Brennan purchased 2,000 shares of the stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $10.70 per share, for a total transaction of $21,400.00. Following the transaction, the director now directly owns 9,104 shares of the company’s stock, valued at approximately $97,412.80. This represents a 28.15 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

First Northwest Bancorp Trading Down 0.6 %

Shares of NASDAQ:FNWB traded down $0.06 during midday trading on Monday, hitting $10.60. 18,980 shares of the stock traded hands, compared to its average volume of 20,439. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08. The business’s 50 day moving average is $10.66 and its two-hundred day moving average is $10.38. The stock has a market capitalization of $99.23 million, a PE ratio of -16.31 and a beta of 0.92. First Northwest Bancorp has a one year low of $8.91 and a one year high of $16.12.

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

First Northwest Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.07 per share. The ex-dividend date was Friday, November 8th. This represents a $0.28 dividend on an annualized basis and a yield of 2.64%. First Northwest Bancorp’s dividend payout ratio (DPR) is currently -43.08%.

Institutional Investors Weigh In On First Northwest Bancorp

Several hedge funds have recently bought and sold shares of FNWB. Pure Portfolios Holdings LLC purchased a new position in shares of First Northwest Bancorp during the third quarter valued at approximately $353,000. Jacobs Levy Equity Management Inc. bought a new position in shares of First Northwest Bancorp during the third quarter valued at $350,000. Fourthstone LLC increased its holdings in shares of 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. Finally, Barclays PLC boosted its stake in First Northwest Bancorp by 60.5% in the 3rd quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 2,568 shares in the last quarter. Institutional investors own 66.11% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler lowered their price objective on shares of First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating for the company in a report on Monday, October 28th.

About First Northwest Bancorp

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.