First Northwest Bancorp (NASDAQ:FNWB) Shares Sold by Acadian Asset Management LLC

First Northwest Bancorp (FNWB) is a regional bank headquartered in Seattle, Washington. The company operates primarily in the Pacific Northwest region of the United States and provides a range of banking services, including commercial and consumer banking, wealth management, and investment services.

Acadian Asset Management LLC is an independent investment management firm based in Louisiana. The company manages assets for institutional clients, including pension funds, endowments, and foundations.

On March 15, 2023, Acadian Asset Management LLC announced that it had sold approximately 4.7 million shares of First Northwest Bancorp common stock in the open market. The sale represented a portion of the company's position in FNWB and was made for investment purposes.

The sale of these shares by Acadian Asset Management LLC did not have any material impact on First Northwest Bancorp or its operations. However, it may be seen as a signal of the company's continued strength and growth, as institutional investors like Acadian Asset Management LLC often invest in companies that they believe are well-positioned for long-term success.