Insider Buying: First Northwest Bancorp (NASDAQ:FNWB) Director Purchases 1,000 Shares of Stock

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) Director Gabriel Steven Galanda acquired 1,000 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The shares were purchased at an average price of $10.81 per share, with a total value of $10,810.00. Following the completion of the acquisition, the director now owns 10,033 shares of the company's stock, valued at $108,456.73. This represents a 11.07 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

First Northwest Bancorp Price Performance

First Northwest Bancorp stock remained flat at $10.20 during trading hours on Friday. 6,092 shares of the company's stock traded hands, compared to its average volume of 21,028. The business's 50 day moving average is $10.23 and its 200-day moving average is $10.51. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $96.30 million, a price-to-earnings ratio of -29.14 and a beta of 0.83. First Northwest Bancorp has a 52-week low of $8.91 and a 52-week high of $12.10.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.05. First Northwest Bancorp had a negative return on equity of 1.86% and a negative net margin of 2.38%. The company had revenue of $17.94 million for the quarter, compared to analyst estimates of $16.40 million. As a group, research analysts expect that First Northwest Bancorp will post 0.5 earnings per share for the current year.

First Northwest Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.28 annualized dividend and a dividend yield of 2.75%. First Northwest Bancorp's dividend payout ratio (DPR) is presently -127.27%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Hovde Group assumed coverage on shares of First Northwest Bancorp in a research report on Monday, January 13th. They set an "outperform" rating and a $13.50 price target on the stock. StockNews.com initiated coverage on First Northwest Bancorp in a research note on Thursday. They issued a "hold" rating for the company. Finally, Piper Sandler upped their price objective on First Northwest Bancorp from $11.50 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th.

Institutional Trading of First Northwest Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC grew its position in shares of First Northwest Bancorp by 60.5% during 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. Round Rock Advisors LLC bought a new stake in shares of First Northwest Bancorp during the 1st quarter worth approximately $108,000. Citadel Advisors LLC lifted its stake in First Northwest Bancorp by 5.6% during the fourth quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider's stock worth $165,000 after purchasing an additional 860 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of First Northwest Bancorp during the 4th quarter worth $277,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of First Northwest Bancorp by 48.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider's stock worth $489,000 after acquiring an additional 15,622 shares during the last quarter. Institutional investors and hedge funds own 66.11% of the company's stock.

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.