Dana Behar Sells 25,000 Shares of First Northwest Bancorp (NASDAQ:FNWB) Stock

First Northwest Bancorp (NASDAQ:FNWB) Director Dana Behar sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $11.51, for a total transaction of $287,750.00. Following the transaction, the director owned 115,219 shares of the company’s stock, valued at approximately $1,326,170.69. This represents a 17.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

First Northwest Bancorp Stock Down 1.6%

NASDAQ FNWB opened at $11.22 on Thursday. First Northwest Bancorp has a 1-year low of $6.90 and a 1-year high of $12.52. The company has a market capitalization of $106.59 million, a price-to-earnings ratio of 70.13 and a beta of 0.63. The stock’s 50 day moving average is $11.17 and its two-hundred day moving average is $10.21. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.98.

First Northwest Bancorp (NASDAQ:FNWB) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $16.18 million during the quarter, compared to analysts’ expectations of $16.95 million. First Northwest Bancorp had a return on equity of 0.96% and a net margin of 1.32%. Equities analysts forecast that First Northwest Bancorp will post 0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Northwest Bancorp

A number of institutional investors have recently modified their holdings of the stock. Bridgeway Capital Management LLC lifted its position in shares of First Northwest Bancorp by 13.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider’s stock worth $418,000 after purchasing an additional 5,441 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of First Northwest Bancorp in the fourth quarter valued at approximately $199,000. Empowered Funds LLC raised its position in First Northwest Bancorp by 9.6% in the 4th quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 1,841 shares during the last quarter. Bank of America Corp DE bought a new position in First Northwest Bancorp in the 2nd quarter worth approximately $533,000. Finally, BlackRock Inc. acquired a new position in First Northwest Bancorp during the 2nd quarter worth $1,394,000. 66.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Piper Sandler lifted their price objective on First Northwest Bancorp from $13.50 to $15.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Wall Street Zen raised shares of First Northwest Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Weiss Ratings upgraded shares of First Northwest Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.00.

First Northwest Bancorp Company Profile

First Northwest Bancorp is a bank holding company headquartered in Mountlake Terrace, Washington. Through its wholly owned subsidiary, First Northwest Bank, the company delivers a full spectrum of community banking services to individuals, families, and small to mid-sized businesses. Its operations are rooted in local decision-making and personalized client relationships, reflecting a community-oriented banking model.

On the retail side, First Northwest Bank offers a range of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.