First Northwest Bancorp (NASDAQ:FNWB) Downgraded by Wall Street Zen to Sell

Wall Street Zen cut shares of First Northwest Bancorp (NASDAQ:FNWBFree Report) from a hold rating to a sell rating in a research report sent to investors on Monday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of First Northwest Bancorp in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $13.50.

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First Northwest Bancorp Price Performance

NASDAQ:FNWB opened at $9.92 on Monday. The firm has a market cap of $94.24 million, a price-to-earnings ratio of 18.04 and a beta of 0.67. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.96. The company’s 50-day moving average is $9.40 and its two-hundred day moving average is $9.56. First Northwest Bancorp has a 12-month low of $6.05 and a 12-month high of $10.98.

First Northwest Bancorp (NASDAQ:FNWBGet Free Report) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.03). The firm had revenue of $16.45 million during the quarter, compared to analysts’ expectations of $16.80 million. First Northwest Bancorp had a net margin of 4.20% and a return on equity of 3.15%. Research analysts expect that First Northwest Bancorp will post 0.4 EPS for the current year.

Insider Activity at First Northwest Bancorp

In related news, CEO Curt Queyrouze acquired 4,770 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was bought at an average price of $10.41 per share, with a total value of $49,655.70. Following the purchase, the chief executive officer directly owned 54,770 shares in the company, valued at $570,155.70. The trade was a 9.54% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bensler LLC grew its holdings in shares of First Northwest Bancorp by 11.0% during the 3rd quarter. Bensler LLC now owns 12,868 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 1,276 shares during the period. Empowered Funds LLC grew its holdings in shares of First Northwest Bancorp by 9.6% during the 4th quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 1,841 shares during the period. Bridgeway Capital Management LLC grew its holdings in shares of First Northwest Bancorp by 13.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider’s stock worth $418,000 after purchasing an additional 5,441 shares during the period. Pinnacle Holdings LLC grew its holdings in shares of First Northwest Bancorp by 18.0% during the 4th quarter. Pinnacle Holdings LLC now owns 84,928 shares of the financial services provider’s stock worth $797,000 after purchasing an additional 12,928 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of First Northwest Bancorp by 5.6% during the 4th quarter. Renaissance Technologies LLC now owns 295,105 shares of the financial services provider’s stock worth $2,768,000 after purchasing an additional 15,600 shares during the period. Institutional investors and hedge funds own 66.11% of the company’s stock.

First Northwest Bancorp Company Profile

(Get Free Report)

First Northwest Bancorp is a bank holding company headquartered in Mountlake Terrace, Washington. Through its wholly owned subsidiary, First Northwest Bank, the company delivers a full spectrum of community banking services to individuals, families, and small to mid-sized businesses. Its operations are rooted in local decision-making and personalized client relationships, reflecting a community-oriented banking model.

On the retail side, First Northwest Bank offers a range of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.

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