First Northwest BanCorp (NASDAQ:FNWB) saw 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 trading volume, of 10,200 shares, the days-to-cover ratio is currently 8.4 days. Approximately 1.0% of the company’s shares are sold short.

A number of analysts recently issued reports on the company. ValuEngine upgraded Yelp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. TheStreet downgraded Trinity Industries from a “b” rating to a “c” rating in a research report on Thursday, April 25th.

Several large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its position in shares of First Northwest BanCorp by 528.5% during the first quarter. BNP Paribas Arbitrage SA now owns 1,942 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 1,633 shares during the last quarter. Citigroup Inc. lifted its position in shares of First Northwest BanCorp by 157.8% during the fourth quarter. Citigroup Inc. now owns 6,761 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 4,138 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of First Northwest BanCorp by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 77,965 shares of the financial services provider’s stock worth $1,156,000 after purchasing an additional 4,175 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of First Northwest BanCorp by 7,083.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,758 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 7,650 shares during the last quarter. Finally, Context BH Capital Management LP lifted its position in shares of First Northwest BanCorp by 12.8% during the fourth quarter. Context BH Capital Management LP now owns 80,791 shares of the financial services provider’s stock worth $1,198,000 after purchasing an additional 9,148 shares during the last quarter. Institutional investors and hedge funds own 48.77% of the company’s stock.

FNWB traded down $0.12 during trading on Friday, reaching $16.15. The company had a trading volume of 7,700 shares, compared to its average volume of 13,977. The company has a market capitalization of $177.79 million, a PE ratio of 21.01 and a beta of 0.50. The business’s 50 day 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 current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.78.

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

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

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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