Geode Capital Management LLC Sells 3,643 Shares of First Northwest Bancorp (NASDAQ:FNWB)

Geode Capital Management LLC lessened its holdings in First Northwest Bancorp (NASDAQ:FNWB) by 4.1% during the 3rd quarter, Holdings Channel reports. The firm owned 85,445 shares of the financial services provider’s stock after selling 3,643 shares during the period. Geode Capital Management LLC’s holdings in First Northwest Bancorp were worth $915,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FNWB. Pure Portfolios Holdings LLC bought a new position in shares of First Northwest Bancorp in the 3rd quarter valued at about $353,000. Fourthstone LLC boosted its stake in shares of First Northwest Bancorp by 0.3% in the 3rd quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock valued at $10,077,000 after purchasing an additional 3,239 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of First Northwest Bancorp in the 3rd quarter valued at about $350,000. Finally, Barclays PLC boosted its stake in shares of First Northwest Bancorp by 60.5% in the 3rd quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 2,568 shares during the last quarter. Institutional investors own 66.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reduced their target price on shares of First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th.

First Northwest Bancorp Stock Performance

Shares of NASDAQ:FNWB opened at $9.98 on Friday. The company has a market capitalization of $93.42 million, a price-to-earnings ratio of -15.35 and a beta of 0.94. The firm’s 50 day simple moving average is $10.54 and its 200 day simple moving average is $10.41. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 1.04. First Northwest Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $16.00.

First Northwest Bancorp (NASDAQ:FNWB) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.33). The firm had revenue of $29.99 million during the quarter, compared to analyst estimates of $17.20 million. First Northwest Bancorp had a negative net margin of 4.79% and a negative return on equity of 0.18%. As a group, sell-side analysts forecast that First Northwest Bancorp will post -0.8 earnings per share for the current year.

First Northwest Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.07 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.81%. First Northwest Bancorp’s dividend payout ratio is -43.08%.

First Northwest Bancorp Profile

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