First Northwest Bancorp (NASDAQ:FNWB) Short Interest Up 84.7% in July

First Northwest Bancorp (NASDAQ:FNWB) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 71,918 shares, an increase of 84.7% from the July 15th total of 38,935 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 22,001 shares, the days-to-cover ratio is presently 3.3 days.

Analysts Set New Price Targets

FNWB has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of First Northwest Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings upgraded First Northwest Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 1st. Finally, Piper Sandler boosted their target price on First Northwest Bancorp from $13.50 to $15.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.00.

Institutional Trading of First Northwest Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC raised its stake in shares of First Northwest Bancorp by 9.6% in the 4th quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 1,841 shares during the period. Jane Street Group LLC acquired a new position in shares of First Northwest Bancorp during the fourth quarter worth about $199,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of First Northwest Bancorp during the second quarter worth about $345,000. Bridgeway Capital Management LLC grew its holdings in shares of First Northwest Bancorp by 13.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider’s stock worth $418,000 after buying an additional 5,441 shares in the last quarter. Finally, Arcus Capital Partners LLC raised its position in First Northwest Bancorp by 115.5% in the 1st quarter. Arcus Capital Partners LLC now owns 56,987 shares of the financial services provider’s stock valued at $495,000 after buying an additional 30,543 shares during the last quarter. Institutional investors and hedge funds own 66.11% of the company’s stock.

First Northwest Bancorp Stock Up 1.3%

FNWB traded up $0.15 during trading on Friday, reaching $11.51. The company had a trading volume of 58,932 shares, compared to its average volume of 21,735. The company has a market cap of $109.34 million, a P/E ratio of 71.94 and a beta of 0.63. First Northwest Bancorp has a 12 month low of $6.90 and a 12 month high of $12.52. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.04 and a quick ratio of 1.06. The business’s fifty day moving average price is $11.11 and its 200 day moving average price is $10.19.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. First Northwest Bancorp had a net margin of 1.32% and a return on equity of 0.96%. The company had revenue of $16.18 million during the quarter, compared to the consensus estimate of $16.95 million. Equities analysts anticipate that First Northwest Bancorp will post 0.06 EPS for the current year.

About First Northwest Bancorp

First Northwest Bancorp is a bank holding company headquartered in Mountlake Terrace, Washington. Through its wholly owned subsidiary, First Northwest Bank, the company delivers a full spectrum of community banking services to individuals, families, and small to mid-sized businesses. Its operations are rooted in local decision-making and personalized client relationships, reflecting a community-oriented banking model.

On the retail side, First Northwest Bank offers a range of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.