First Northwest Bancorp (NASDAQ:FNWB) Stock Price Passes Above 50-Day Moving Average – What’s Next?

First Northwest Bancorp (NASDAQ:FNWB)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.65 and traded as high as $7.87. First Northwest Bancorp shares last traded at $7.79, with a volume of 10,749 shares changing hands.

Analyst Upgrades and Downgrades

FNWB has been the subject of several recent analyst reports. Piper Sandler reiterated a “neutral” rating on shares of First Northwest Bancorp in a research note on Thursday, July 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of First Northwest Bancorp in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, First Northwest Bancorp presently has a consensus rating of “Hold” and an average target price of $12.75.

First Northwest Bancorp Price Performance

The company’s 50-day simple moving average is $7.65 and its 200-day simple moving average is $8.43. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $73.38 million, a price-to-earnings ratio of 194.80 and a beta of 0.70.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.33. The firm had revenue of $16.36 million during the quarter, compared to the consensus estimate of $16.80 million. First Northwest Bancorp had a net margin of 0.32% and a return on equity of 0.25%. Research analysts forecast that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Northwest Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in FNWB. Fourthstone LLC raised its position in shares of First Northwest Bancorp by 8.5% in the second quarter. Fourthstone LLC now owns 937,390 shares of the financial services provider’s stock valued at $7,218,000 after buying an additional 73,578 shares in the last quarter. HoldCo Asset Management LP acquired a new stake in shares of First Northwest Bancorp in the second quarter valued at approximately $460,000. Huber Capital Management LLC acquired a new stake in shares of First Northwest Bancorp in the first quarter valued at approximately $154,000. Bensler LLC acquired a new stake in shares of First Northwest Bancorp in the second quarter valued at approximately $89,000. Finally, Round Rock Advisors LLC acquired a new stake in shares of First Northwest Bancorp in the first quarter valued at approximately $108,000. 66.11% of the stock is currently owned by institutional investors and hedge funds.

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.