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

Key Points

• Director Dana Behar sold 25,000 FNWB shares at an average price of $11.51, generating $287,750 and reducing her direct stake by 17.83% to 115,219 shares.
• First Northwest Bancorp reported quarterly EPS of $0.03, beating the $0.01 consensus estimate, though revenue of $16.18 million fell short of expectations.
• Analysts maintain an overall “Hold” rating with an average price target of $15.00; institutional investors own 66.11% of the company.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) Director Dana Behar sold 25,000 shares of the business's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $11.51, for a total value of $287,750.00. Following the completion of the transaction, the director directly owned 115,219 shares of the company's stock, valued at approximately $1,326,170.69. This trade represents a 17.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

First Northwest Bancorp Stock Performance

FNWB traded up $0.07 during midday trading on Tuesday, hitting $11.47. 2,928 shares of the company traded hands, compared to its average volume of 36,143. The company's 50-day moving average is $11.13 and its 200 day moving average is $10.20. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $108.97 million, a PE ratio of 71.69 and a beta of 0.63. First Northwest Bancorp has a 52 week low of $6.90 and a 52 week high of $12.52.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. First Northwest Bancorp had a return on equity of 0.96% and a net margin of 1.32%.The firm had revenue of $16.18 million for the quarter, compared to analysts' expectations of $16.95 million. On average, research analysts expect that First Northwest Bancorp will post 0.06 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FNWB. Wall Street Zen upgraded shares of First Northwest Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday. Piper Sandler increased their price target on First Northwest Bancorp from $13.50 to $15.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Finally, Weiss Ratings raised First Northwest Bancorp from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, First Northwest Bancorp has an average rating of "Hold" and an average price target of $15.00.

Institutional Trading of First Northwest Bancorp

A number of large investors have recently made changes to their positions in FNWB. Empowered Funds LLC purchased a new stake in shares of First Northwest Bancorp in the second quarter valued at $260,000. Bank of America Corp DE purchased a new position in First Northwest Bancorp in the 2nd quarter worth about $533,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in First Northwest Bancorp during the 2nd quarter valued at about $345,000. Pinnacle Holdings LLC purchased a new stake in First Northwest Bancorp in the 2nd quarter valued at about $863,000. Finally, BlackRock Inc. purchased a new stake in First Northwest Bancorp in the 2nd quarter valued at about $1,394,000. 66.11% of the stock is currently owned by institutional investors.

About First Northwest Bancorp

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.

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