First Northwest Bancorp (NASDAQ:FNWB) Holdings Reduced by Private Capital Management LLC

Private Capital Management LLC lessened its holdings in shares of First Northwest Bancorp (NASDAQ:FNWB) by 12.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 679,002 shares of the financial services provider’s stock after selling 101,003 shares during the period. First Northwest Bancorp accounts for about 1.5% of Private Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding. Private Capital Management LLC owned 0.07% of First Northwest Bancorp worth $7,265,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FNWB. Barclays PLC increased its position 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 valued at $72,000 after acquiring an additional 2,568 shares during the period. FNY Investment Advisers LLC acquired a new position in First Northwest Bancorp during the 4th quarter worth $277,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of First Northwest Bancorp during the third quarter valued at $350,000. Finally, Fourthstone LLC lifted its holdings in First Northwest Bancorp by 0.3% in the third quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock worth $10,077,000 after purchasing an additional 3,239 shares during the period. Institutional investors own 66.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FNWB. Piper Sandler upped their price target on shares of First Northwest Bancorp from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Hovde Group initiated coverage on shares of First Northwest Bancorp in a report on Monday, January 13th. They issued an “outperform” rating and a $13.50 target price on the stock.

First Northwest Bancorp Trading Up 0.7 %

NASDAQ:FNWB opened at $10.81 on Friday. The stock has a fifty day simple moving average of $10.65 and a 200 day simple moving average of $10.66. 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 firm has a market capitalization of $101.19 million, a price-to-earnings ratio of -30.88 and a beta of 0.93. First Northwest Bancorp has a 1-year low of $8.91 and a 1-year high of $16.00.

First Northwest Bancorp (NASDAQ:FNWB) last announced its earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.38). First Northwest Bancorp had a negative return on equity of 1.86% and a negative net margin of 2.38%. Sell-side analysts forecast that First Northwest Bancorp will post 0.5 earnings per share for the current year.

First Northwest Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, February 14th. First Northwest Bancorp’s dividend payout ratio (DPR) is currently -80.00%.

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.