StockNews.com Initiates Coverage on First Northwest Bancorp (NASDAQ:FNWB)

Stock analysts at StockNews.com started coverage on shares of First Northwest Bancorp (NASDAQ:FNWB – Get Rating) in a report issued on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.

Several other equities research analysts have also recently commented on FNWB. Piper Sandler reaffirmed an “overweight” rating and issued a $19.00 target price on shares of First Northwest Bancorp in a research report on Wednesday, June 1st. Hovde Group decreased their price target on shares of First Northwest Bancorp to $21.50 in a research note on Friday, June 3rd.

First Northwest Bancorp Trading Down 1.5 %

NASDAQ:FNWB opened at $16.55 on Thursday. The company has a 50-day moving average price of $16.33 and a 200-day moving average price of $19.61. First Northwest Bancorp has a 12 month low of $14.50 and a 12 month high of $23.77. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.04. The stock has a market cap of $165.50 million, a price-to-earnings ratio of 10.47 and a beta of 0.90.

First Northwest Bancorp (NASDAQ:FNWB – Get Rating) last posted its earnings results on Wednesday, July 27th. The financial services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). First Northwest Bancorp had a return on equity of 7.88% and a net margin of 17.47%. Equities analysts predict that First Northwest Bancorp will post 1.4 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FNWB. UMB Bank N A MO bought a new stake in First Northwest Bancorp during the 4th quarter valued at about $121,000. Baird Financial Group Inc. increased its stake in First Northwest Bancorp by 48.0% during the 1st quarter. Baird Financial Group Inc. now owns 18,500 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 6,000 shares in the last quarter. Acadian Asset Management LLC increased its stake in First Northwest Bancorp by 90.1% during the 4th quarter. Acadian Asset Management LLC now owns 19,179 shares of the financial services provider’s stock valued at $384,000 after purchasing an additional 9,092 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in First Northwest Bancorp during the 1st quarter valued at about $429,000. Finally, State Street Corp increased its stake in First Northwest Bancorp by 11.4% during the 1st quarter. State Street Corp now owns 34,327 shares of the financial services provider’s stock valued at $758,000 after purchasing an additional 3,501 shares in the last quarter. 62.59% of the stock is currently owned by institutional investors.

First Northwest Bancorp Company Profile

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