First Northwest Bancorp (NASDAQ:FNWB) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

First Northwest Bancorp (NASDAQ:FNWBGet Free Report)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.41 and traded as high as $9.78. First Northwest Bancorp shares last traded at $9.55, with a volume of 33,604 shares trading hands.

Wall Street Analysts Forecast Growth

FNWB has been the subject of several analyst reports. Wall Street Zen cut shares of First Northwest Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday. Weiss Ratings reissued 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 given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.50.

Read Our Latest Analysis on FNWB

First Northwest Bancorp Stock Down 1.2%

The firm’s 50-day moving average price is $9.41 and its 200 day moving average price is $9.63. The firm has a market capitalization of $90.73 million, a price-to-earnings ratio of 17.36 and a beta of 0.67. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.05 and a quick ratio of 1.05.

First Northwest Bancorp (NASDAQ:FNWBGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.00 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.03). The business had revenue of $16.45 million during the quarter, compared to analyst estimates of $16.80 million. First Northwest Bancorp had a net margin of 4.20% and a return on equity of 3.15%. Sell-side analysts expect that First Northwest Bancorp will post 0.2 EPS for the current year.

Institutional Trading of First Northwest Bancorp

Several large investors have recently modified their holdings of the business. Bensler LLC grew its position in shares of First Northwest Bancorp by 11.0% in the third 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 during the last quarter. Empowered Funds LLC grew its position in shares of First Northwest Bancorp by 9.6% in the fourth quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 1,841 shares during the last quarter. Bridgeway Capital Management LLC grew its position in shares of First Northwest Bancorp by 13.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 5,441 shares during the last quarter. Pinnacle Holdings LLC boosted its position in First Northwest Bancorp by 18.0% during the fourth quarter. Pinnacle Holdings LLC now owns 84,928 shares of the financial services provider’s stock worth $797,000 after acquiring an additional 12,928 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in First Northwest Bancorp by 5.6% during the fourth quarter. Renaissance Technologies LLC now owns 295,105 shares of the financial services provider’s stock worth $2,768,000 after acquiring an additional 15,600 shares during the last quarter. 66.11% of the stock is currently owned by institutional investors and hedge funds.

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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