First Northwest Bancorp (NASDAQ:FNWB – Get Free Report) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
Other analysts also recently issued research reports about the stock. Piper Sandler lifted their target price on shares of First Northwest Bancorp from $13.50 to $15.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Weiss Ratings raised shares of First Northwest Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, First Northwest Bancorp has an average rating of “Hold” and a consensus price target of $15.00.
Check Out Our Latest Stock Analysis on First Northwest Bancorp
First Northwest Bancorp Price Performance
First Northwest Bancorp (NASDAQ:FNWB – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $16.18 million during the quarter, compared to the consensus estimate of $16.95 million. First Northwest Bancorp had a net margin of 1.32% and a return on equity of 0.96%. As a group, equities research analysts forecast that First Northwest Bancorp will post 0.06 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in First Northwest Bancorp in the second quarter valued at approximately $345,000. Pinnacle Holdings LLC acquired a new position in shares of First Northwest Bancorp in the 2nd quarter valued at $863,000. BlackRock Inc. acquired a new position in shares of First Northwest Bancorp in the 2nd quarter valued at $1,394,000. Empowered Funds LLC grew its stake in shares of First Northwest Bancorp by 8.7% during the 1st quarter. Empowered Funds LLC now owns 22,793 shares of the financial services provider’s stock valued at $198,000 after buying an additional 1,822 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of First Northwest Bancorp by 14.6% during the 1st quarter. Renaissance Technologies LLC now owns 338,305 shares of the financial services provider’s stock worth $2,936,000 after buying an additional 43,200 shares during the last quarter. 66.11% of the stock is currently owned by institutional investors and hedge funds.
First Northwest Bancorp Company Profile
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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