First Northwest Bancorp (NASDAQ:FNWB) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. decreased its stake in First Northwest Bancorp (NASDAQ:FNWBGet Rating) by 5.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 17,500 shares of the financial services provider’s stock after selling 1,000 shares during the period. Baird Financial Group Inc.’s holdings in First Northwest Bancorp were worth $273,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of FNWB. Petiole USA ltd boosted its holdings in shares of First Northwest Bancorp by 6.9% in the 1st quarter. Petiole USA ltd now owns 86,848 shares of the financial services provider’s stock valued at $1,918,000 after buying an additional 5,600 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of First Northwest Bancorp by 153.8% in the 1st quarter. Acadian Asset Management LLC now owns 48,681 shares of the financial services provider’s stock valued at $1,073,000 after buying an additional 29,502 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of First Northwest Bancorp by 12.2% in the 1st quarter. BlackRock Inc. now owns 176,354 shares of the financial services provider’s stock valued at $3,895,000 after buying an additional 19,172 shares in the last quarter. Dimensional Fund Advisors LP raised its position in First Northwest Bancorp by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 415,402 shares of the financial services provider’s stock valued at $9,176,000 after purchasing an additional 10,316 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in First Northwest Bancorp by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 379,849 shares of the financial services provider’s stock valued at $8,391,000 after purchasing an additional 1,966 shares during the last quarter. Institutional investors and hedge funds own 53.13% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of First Northwest Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday.

Insider Activity

In related news, CEO Matthew Deines purchased 2,000 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was acquired at an average price of $15.95 per share, for a total transaction of $31,900.00. Following the acquisition, the chief executive officer now directly owns 79,153 shares of the company’s stock, valued at approximately $1,262,490.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 4.40% of the company’s stock.

First Northwest Bancorp Stock Up 0.8 %

Shares of First Northwest Bancorp stock opened at $15.13 on Wednesday. The company has a market cap of $150.53 million, a P/E ratio of 9.46 and a beta of 0.78. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.99 and a current ratio of 0.99. First Northwest Bancorp has a one year low of $14.50 and a one year high of $23.77. The firm has a fifty day moving average of $15.61 and a two-hundred day moving average of $16.19.

First Northwest Bancorp (NASDAQ:FNWBGet Rating) last announced its quarterly earnings data on Wednesday, October 26th. The financial services provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The company had revenue of $20.54 million during the quarter, compared to the consensus estimate of $21.36 million. First Northwest Bancorp had a net margin of 17.17% and a return on equity of 8.53%. On average, analysts forecast that First Northwest Bancorp will post 1.3 earnings per share for the current year.

First Northwest Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Thursday, November 10th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.85%. First Northwest Bancorp’s dividend payout ratio is presently 17.50%.

About First Northwest Bancorp

(Get Rating)

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. It accepts various deposit instruments, including checking, money market deposit, savings, and transaction accounts, as well as certificates of deposit.

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

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