First Northwest Bancorp (NASDAQ:FNWB) EVP Kyle David Henderson Buys 3,000 Shares

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 bought 3,000 shares of First Northwest Bancorp stock in a transaction on Monday, July 28th. The stock was purchased at an average price of $7.74 per share, with a total value of $23,220.00. Following the completion of the acquisition, the executive vice president directly owned 16,271 shares of the company's stock, valued at $125,937.54. This represents a 22.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

First Northwest Bancorp Trading Down 0.8%

Shares of NASDAQ FNWB traded down $0.06 during mid-day trading on Friday, reaching $7.59. 9,198 shares of the company's stock were exchanged, compared to its average volume of 15,635. The company's 50-day moving average is $8.06 and its 200-day moving average is $9.56. First Northwest Bancorp has a 52-week low of $6.05 and a 52-week high of $12.10. The firm has a market capitalization of $71.65 million, a price-to-earnings ratio of 189.80 and a beta of 0.75. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.01 and a current ratio of 1.01.

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

Institutional Investors Weigh In On First Northwest Bancorp

Hedge funds have recently bought and sold shares of the stock. Round Rock Advisors LLC acquired a new stake in shares of First Northwest Bancorp during the 1st quarter worth about $108,000. Huber Capital Management LLC acquired a new position in First Northwest Bancorp during the first quarter worth approximately $154,000. Citadel Advisors LLC increased its position 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 buying an additional 860 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of First Northwest Bancorp by 48.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider's stock valued at $489,000 after purchasing an additional 15,622 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its stake in shares of First Northwest Bancorp by 43.3% in the 4th quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider's stock valued at $770,000 after purchasing an additional 22,788 shares during the last quarter. Institutional investors and hedge funds own 66.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FNWB. Wall Street Zen upgraded First Northwest Bancorp to a "hold" rating in a research note on Saturday, June 14th. Piper Sandler reaffirmed a "neutral" rating on shares of First Northwest Bancorp in a research note on Thursday, July 10th.

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.