Form 4: First Northwest Bancorp Director Dana D. Behar Acquires 80,000 Shares

Dana D. Behar, a director of First Northwest Bancorp, recently purchased 80,000 shares of common stock at $10.50 per share.

Summary

• On May 10, 2024, Dana D. Behar, a director of First Northwest Bancorp, acquired 80,000 shares of common stock.
• The purchase price was $10.50 per share.
• Following the transaction, Behar directly owns 135,467 shares of First Northwest Bancorp.
• This total includes shares owned jointly with a spouse, shares held in an IRA, and unvested restricted stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares at market price suggests confidence, but it's a single transaction and doesn't provide a comprehensive view of the company's overall health.

Positives

• A director's purchase of a significant number of shares can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Director share purchases are common and closely watched indicators of management's sentiment towards their own company's stock. It is a common practice in the banking industry for directors to hold shares in the company.

Comparison to Industry Standards

• Comparing director share ownership to peers like Columbia Banking System Inc. (COLB) or Heritage Financial Corporation (HFWA) would provide context on whether Behar's holdings are typical for a director in a similar-sized bank.
• Analyzing the percentage of shares owned by insiders relative to the total outstanding shares of FNWB compared to its peers would also be informative.

Stakeholder Impact

• The purchase could have a slightly positive impact on shareholder sentiment.

Key Dates