Bridgeway Capital Management Inc. increased its stake in First Northwest BanCorp (NASDAQ:FNWB) by 11.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,500 shares of the financial services provider’s stock after buying an additional 5,500 shares during the quarter. Bridgeway Capital Management Inc. owned about 0.48% of First Northwest BanCorp worth $839,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of FNWB. Dimensional Fund Advisors LP lifted its stake in First Northwest BanCorp by 14.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 272,001 shares of the financial services provider’s stock valued at $4,189,000 after purchasing an additional 35,080 shares during the last quarter. BlackRock Inc. lifted its stake in First Northwest BanCorp by 0.7% in the 3rd quarter. BlackRock Inc. now owns 507,597 shares of the financial services provider’s stock valued at $7,817,000 after purchasing an additional 3,360 shares during the last quarter. TCW Group Inc. lifted its stake in First Northwest BanCorp by 33.9% in the 3rd quarter. TCW Group Inc. now owns 140,178 shares of the financial services provider’s stock valued at $2,159,000 after purchasing an additional 35,528 shares during the last quarter. Renaissance Technologies LLC lifted its stake in First Northwest BanCorp by 1.2% in the 2nd quarter. Renaissance Technologies LLC now owns 353,300 shares of the financial services provider’s stock valued at $5,642,000 after purchasing an additional 4,200 shares during the last quarter. Finally, Western Standard LLC lifted its stake in First Northwest BanCorp by 5.3% in the 2nd quarter. Western Standard LLC now owns 69,599 shares of the financial services provider’s stock valued at $1,111,000 after purchasing an additional 3,500 shares during the last quarter. Institutional investors own 46.86% of the company’s stock.

Shares of NASDAQ FNWB opened at $15.04 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.71. First Northwest BanCorp has a 52-week low of $13.56 and a 52-week high of $17.65. The company has a market capitalization of $171.13 million, a price-to-earnings ratio of 26.05 and a beta of 0.56.

First Northwest BanCorp (NASDAQ:FNWB) last announced its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter. First Northwest BanCorp had a net margin of 9.80% and a return on equity of 3.48%. The firm had revenue of $10.69 million during the quarter.

The firm also recently declared a Not Available dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a $0.03 dividend. The ex-dividend date is Thursday, November 29th.

Separately, ValuEngine upgraded shares of First Northwest BanCorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th.

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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.

Read More: Cost of Capital Explained

Institutional Ownership by Quarter for First Northwest BanCorp (NASDAQ:FNWB)

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