Bensler LLC Takes Position in First Northwest Bancorp $FNWB

Bensler LLC purchased a new stake in shares of First Northwest Bancorp (NASDAQ:FNWB) during the second quarter, Holdings Channel.com reports. The fund purchased 11,592 shares of the financial services provider’s stock, valued at approximately $89,000.

Separately, Huber Capital Management LLC purchased a new stake in First Northwest Bancorp in the 1st quarter valued at about $154,000. Institutional investors and hedge funds own 66.11% of the company’s stock.

First Northwest Bancorp Price Performance

First Northwest Bancorp stock opened at $9.08 on Friday. The business’s 50 day simple moving average is $7.89 and its 200 day simple moving average is $8.27. First Northwest Bancorp has a 12 month low of $6.05 and a 12 month high of $12.10. The company has a market cap of $85.53 million, a price-to-earnings ratio of 25.22 and a beta of 0.79. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.30.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings results on Monday, October 27th. The financial services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). First Northwest Bancorp had a net margin of 2.67% and a return on equity of 2.11%. The firm had revenue of $16.57 million for the quarter, compared to analysts’ expectations of $17.25 million. Sell-side analysts forecast that First Northwest Bancorp will post 0.5 EPS for the current year.

Analyst Upgrades and Downgrades

FNWB has been the topic of a number of research analyst reports. Piper Sandler upgraded First Northwest Bancorp from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $10.50 to $13.50 in a research note on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of First Northwest Bancorp in a report on Friday, October 31st. UBS Group upgraded First Northwest Bancorp to a “neutral” rating in a research note on Friday. Finally, Zacks Research lowered First Northwest Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, First Northwest Bancorp has a consensus rating of “Hold” and an average price target of $13.50.

First Northwest Bancorp Company Profile

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