FNWB Director Brennan buys 2,000 shares at $10.70; stock down 34.1% from 52-week high amid -23.1% revenue decline and -$2.0M net loss
Brennan Sean Patrick, a director at First Northwest Bancorp, purchased 2,000 shares at $10.70 on 2024-12-13, bringing his holdings to 9,104 shares and representing a 28.2% increase in his prior position. The purchase occurs against a backdrop of significant operational stress: the company reported a net loss of -$1,980,000.00 and annual revenue contraction of -23.1%, while the stock trades at a 34.1% discount from its 52-week high of $16.09. With a P/E ratio of 40.77 and market cap of $100,087,182.20, the company's valuation metrics reflect market skepticism amid the operational challenges. This insider acquisition into weakness warrants monitoring given the magnitude of recent financial deterioration and the depth of the stock's decline from recent peaks.