First Northwest Bancorp (NASDAQ:FNWB – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.
Other equities research analysts also recently issued reports about the stock. Piper Sandler boosted their price target on shares of First Northwest Bancorp from $13.50 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Weiss Ratings cut shares of First Northwest Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.00.
View Our Latest Stock Analysis on First Northwest Bancorp
First Northwest Bancorp Stock Performance
First Northwest Bancorp stock opened at $10.23 on Friday. The firm’s 50 day simple moving average is $10.24 and its 200-day simple moving average is $10.23. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.04 and a quick ratio of 1.04. First Northwest Bancorp has a fifty-two week low of $8.44 and a fifty-two week high of $12.52. The company has a market cap of $97.17 million, a P/E ratio of -1,023.00 and a beta of 0.63.
First Northwest Bancorp (NASDAQ:FNWB – Get Free Report) last released its earnings results on Thursday, October 29th. The financial services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.10). First Northwest Bancorp had a negative net margin of 0.04% and a positive return on equity of 0.62%. The business had revenue of $16.49 million for the quarter, compared to analysts’ expectations of $16.55 million. As a group, equities research analysts predict that First Northwest Bancorp will post 0.06 EPS for the current year.
Insider Activity
In related news, Director Dana Behar sold 25,000 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $11.51, for a total value of $287,750.00. Following the completion of the transaction, the director owned 115,219 shares of the company’s stock, valued at approximately $1,326,170.69. This trade represents a 17.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.14% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of FNWB. Empowered Funds LLC acquired a new position in First Northwest Bancorp during the 2nd quarter valued at about $260,000. Bank of America Corp DE acquired a new stake in First Northwest Bancorp in the 2nd quarter worth about $533,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in First Northwest Bancorp in the 2nd quarter valued at about $345,000. Pinnacle Holdings LLC acquired a new position in First Northwest Bancorp in the 2nd quarter valued at about $863,000. Finally, BlackRock Inc. acquired a new stake in shares of First Northwest Bancorp during the second quarter valued at about $1,394,000. Institutional investors own 66.11% of the company’s stock.
First Northwest Bancorp Company Profile
First Northwest Bancorp is the bank holding company for First Fed Bank, a community-focused financial institution headquartered in Port Angeles, Washington. First Fed Bank provides banking services to individuals, families, businesses and nonprofit organizations in communities across the Olympic Peninsula and the broader Puget Sound region.
The bank offers deposit products such as checking and savings accounts, certificates of deposit and business accounts. Its lending activities include residential mortgages, home-equity loans, consumer loans and commercial financing for businesses and real estate projects.
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