First Northwest BanCorp (NASDAQ:FNWB) Short Interest Up 27.7% in June

First Northwest BanCorp (NASDAQ:FNWB) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 85,800 shares, an increase of 27.7% from the May 30th total of 67,200 shares. Based on an average daily volume of 10,200 shares, the short-interest ratio is presently 8.4 days. Currently, 1.0% of the shares of the company are sold short.

Several brokerages recently issued reports on FNWB. ValuEngine raised shares of Yelp from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. TheStreet cut shares of Trinity Industries from a “b” rating to a “c” rating in a report on Thursday, April 25th.

Shares of First Northwest BanCorp stock traded down $0.12 during trading on Friday, hitting $16.15. 7,794 shares of the company’s stock were exchanged, compared to its average volume of 11,549. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.78. The firm’s 50-day simple moving average is $16.21. First Northwest BanCorp has a 52-week low of $13.56 and a 52-week high of $16.98. The company has a market cap of $177.49 million, a PE ratio of 21.13 and a beta of 0.50.

First Northwest BanCorp (NASDAQ:FNWB) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter. First Northwest BanCorp had a net margin of 14.65% and a return on equity of 4.51%. The firm had revenue of $10.85 million during the quarter.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.12 annualized dividend and a dividend yield of 0.74%.

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in First Northwest BanCorp by 1,731.2% in the fourth quarter. Bank of America Corp DE now owns 114,522 shares of the financial services provider’s stock valued at $1,699,000 after buying an additional 108,268 shares in the last quarter. Private Capital Management LLC increased its holdings in First Northwest BanCorp by 8.0% in the first quarter. Private Capital Management LLC now owns 721,918 shares of the financial services provider’s stock valued at $11,240,000 after buying an additional 53,453 shares in the last quarter. Context BH Capital Management LP increased its holdings in First Northwest BanCorp by 65.8% in the first quarter. Context BH Capital Management LP now owns 133,936 shares of the financial services provider’s stock valued at $2,085,000 after buying an additional 53,145 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in First Northwest BanCorp by 16.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 317,832 shares of the financial services provider’s stock valued at $4,714,000 after buying an additional 45,831 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its holdings in First Northwest BanCorp by 18.2% in the first quarter. Pacific Ridge Capital Partners LLC now owns 189,362 shares of the financial services provider’s stock valued at $2,948,000 after buying an additional 29,099 shares in the last quarter. 48.77% of the stock is owned by hedge funds and other institutional investors.

About First Northwest BanCorp

First Northwest Bancorp operates as a bank holding company for First Federal Savings and Loan Association of Port Angeles that provides commercial and consumer banking services to individuals, businesses, and nonprofit organizations in western Washington, the United States. The company offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, transaction accounts, and certificates of deposit.

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