Insider Buying: First Northwest Bancorp (NASDAQ:FNWB) EVP Buys 3,000 Shares of Stock

Key Points

• EVP Kyle David Henderson of First Northwest Bancorp purchased 3,000 shares at an average cost of $7.74 each, totaling $23,220.00, increasing his ownership by 22.61%.
• The company's recent quarterly earnings report showed earnings per share of $0.42, significantly surpassing the consensus estimate of $0.09.
• Institutional investors currently hold 66.11% of First Northwest Bancorp's stock, indicating strong institutional confidence in the company's prospects.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) EVP Kyle David Henderson purchased 3,000 shares of the business's stock in a transaction on Monday, July 28th. The shares were acquired at an average price of $7.74 per share, for a total transaction of $23,220.00. Following the completion of the purchase, the executive vice president directly owned 16,271 shares of the company's stock, valued at approximately $125,937.54. This trade represents a 22.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

First Northwest Bancorp Trading Down 0.8%

NASDAQ:FNWB traded down $0.06 on Friday, reaching $7.59. 9,198 shares of the company's stock were exchanged, compared to its average volume of 22,026. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $71.65 million, a price-to-earnings ratio of 189.80 and a beta of 0.68. The business has a fifty day moving average of $8.10 and a 200-day moving average of $9.59. First Northwest Bancorp has a 52-week low of $6.05 and a 52-week high of $12.10.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.33. First Northwest Bancorp had a return on equity of 0.25% and a net margin of 0.32%. The business had revenue of $16.36 million during the quarter, compared to the consensus estimate of $16.80 million. As a group, analysts expect that First Northwest Bancorp will post 0.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Piper Sandler reiterated a "neutral" rating on shares of First Northwest Bancorp in a research note on Thursday, July 10th. Wall Street Zen upgraded shares of First Northwest Bancorp to a "hold" rating in a research note on Saturday, June 14th.

Hedge Funds Weigh In On First Northwest Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in FNWB. Arrowstreet Capital Limited Partnership grew its position in shares of First Northwest Bancorp by 48.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider's stock worth $489,000 after buying an additional 15,622 shares in the last quarter. Kennedy Capital Management LLC grew its position in shares of First Northwest Bancorp by 43.3% during the fourth quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider's stock worth $770,000 after buying an additional 22,788 shares in the last quarter. Citadel Advisors LLC grew its position in shares of 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 buying an additional 860 shares in the last quarter. Round Rock Advisors LLC acquired a new position in First Northwest Bancorp in the first quarter valued at approximately $108,000. Finally, Huber Capital Management LLC acquired a new position in First Northwest Bancorp in the first quarter valued at approximately $154,000. 66.11% of the stock is owned by institutional investors and hedge funds.

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.