First Northwest Bancorp (NASDAQ:FNWB) Receives Average Rating of “Hold” from Brokerages

Shares of First Northwest Bancorp (NASDAQ:FNWB) have received an average recommendation of “Hold” from the five research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $13.50.

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of First Northwest Bancorp in a research report on Friday, October 31st. Piper Sandler upgraded shares of First Northwest Bancorp from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $10.50 to $13.50 in a research note on Friday. Zacks Research downgraded shares of First Northwest Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Finally, UBS Group raised shares of First Northwest Bancorp to a “neutral” rating in a report on Friday.

Institutional Trading of First Northwest Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of FNWB. Fourthstone LLC grew its stake in shares of First Northwest Bancorp by 8.5% in the 2nd 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. Kennedy Capital Management LLC lifted its stake in First Northwest Bancorp by 3.1% in the second quarter. Kennedy Capital Management LLC now owns 334,625 shares of the financial services provider’s stock valued at $2,577,000 after acquiring an additional 10,026 shares during the last quarter. HoldCo Asset Management LP bought a new stake in First Northwest Bancorp in the second quarter worth approximately $460,000. Huber Capital Management LLC acquired a new position in shares of First Northwest Bancorp during the 1st quarter worth $154,000. Finally, Bensler LLC raised 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 valued at $101,000 after purchasing an additional 1,276 shares in the last quarter. Institutional investors own 66.11% of the company’s stock.

First Northwest Bancorp Price Performance

Shares of FNWB traded up $0.34 during mid-day trading on Friday, reaching $9.16. 10,090 shares of the company’s stock were exchanged, compared to its average volume of 23,147. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.30. First Northwest Bancorp has a 52-week low of $6.05 and a 52-week high of $12.10. The company has a market cap of $86.29 million, a price-to-earnings ratio of 25.44 and a beta of 0.79. The company has a 50-day simple moving average of $7.86 and a two-hundred day simple moving average of $8.28.

First Northwest Bancorp (NASDAQ:FNWB) last released its earnings results on Monday, October 27th. The financial services provider reported $0.09 EPS for the quarter, missing the consensus estimate 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 business had revenue of $16.57 million during the quarter, compared to analyst estimates of $17.25 million. On average, sell-side analysts predict that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

About First Northwest Bancorp

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.