Officer-Related Entity Files Intent to Sell $190K in Shares
FNWB sits 57% above its 52-week low of $6.05.
Summary
An entity related to an officer of First Northwest Bancorp has filed to sell an additional $190,240 in shares, continuing a pattern of dispositions.
Key Events · Ownership and Investor Activity · FNWB
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Intent to Sell Additional Shares
First Fed Foundation, an entity with an officer relationship, plans to sell 20,500 common shares, valued at approximately $190,240.
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Ongoing Disposition Pattern
This filing follows the sale of 18,400 shares for $172,648 over the past three months, indicating a continuous pattern of share disposition by this related entity.
Analysis · FNWB · Finance
First Fed Foundation, an entity with an officer relationship to First Northwest Bancorp, has filed a Form 144 indicating its intent to sell an additional $190,240 worth of common stock. This follows previous sales totaling $172,648 over the past three months, suggesting a continued pattern of disposition by this related entity. While not a direct officer sale, the ongoing nature of these filings could be perceived negatively by investors, especially following recent positive earnings reports.
At the time of this filing, FNWB was trading at $9.50 on NASDAQ in the Finance sector, with a market capitalization of approximately $90.2M. The 52-week trading range was $6.05 to $10.98. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.