Private Capital Management LLC Sells 137,136 Shares of First Northwest Bancorp (NASDAQ:FNWB)

Private Capital Management LLC lowered its holdings in shares of First Northwest Bancorp (NASDAQ:FNWB - Free Report) by 20.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 541,866 shares of the financial services provider's stock after selling 137,136 shares during the quarter. Private Capital Management LLC owned about 5.79% of First Northwest Bancorp worth $5,527,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Barclays PLC increased its holdings 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 during the period. Citadel Advisors LLC lifted 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 purchasing an additional 860 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of First Northwest Bancorp during the fourth quarter worth approximately $277,000. Arrowstreet Capital Limited Partnership lifted 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 purchasing an additional 15,622 shares in the last quarter. Finally, Kennedy Capital Management LLC lifted its holdings in First Northwest Bancorp by 43.3% in the fourth quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider's stock valued at $770,000 after buying an additional 22,788 shares during the period. Institutional investors own 66.11% of the company's stock.

First Northwest Bancorp Price Performance

Shares of NASDAQ:FNWB traded down $0.08 during midday trading on Friday, hitting $9.56. The stock had a trading volume of 9,059 shares, compared to its average volume of 20,692. The company has a market capitalization of $90.25 million, a P/E ratio of -27.31 and a beta of 0.83. 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 company's 50-day moving average price is $10.08 and its 200-day moving average price is $10.45. First Northwest Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $12.10.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last posted 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 net margin of 2.38% and a negative return on equity of 1.86%. The firm had revenue of $17.94 million for the quarter, compared to analyst estimates of $16.40 million. As a group, equities research analysts predict that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

First Northwest Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Friday, May 9th. First Northwest Bancorp's dividend payout ratio (DPR) is -127.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FNWB shares. StockNews.com downgraded First Northwest Bancorp from a "buy" rating to a "hold" rating in a report on Saturday. Piper Sandler raised their target price on shares of First Northwest Bancorp from $11.50 to $12.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th.

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.