First Northwest Bancorp (NASDAQ:FNWB) Given Average Rating of “Hold” by Brokerages

First Northwest Bancorp (NASDAQ:FNWB) has been assigned an average rating of “Hold” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $13.50.

Several equities research analysts recently issued reports on the stock. Zacks Research downgraded shares of First Northwest Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Weiss Ratings restated a “sell (e+)” rating on shares of First Northwest Bancorp in a research note on Wednesday, November 26th. UBS Group upgraded First Northwest Bancorp to a “neutral” rating in a research note on Friday, November 7th. Finally, Piper Sandler raised First Northwest Bancorp from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $10.50 to $13.50 in a report on Friday, November 7th.

Hedge Funds Weigh In On First Northwest Bancorp

Several large investors have recently modified their holdings of the stock. Bensler LLC bought a new stake in shares of First Northwest Bancorp in the second quarter valued at approximately $89,000. Huber Capital Management LLC bought a new position in First Northwest Bancorp during the 1st quarter worth $154,000. HoldCo Asset Management LP acquired a new position in First Northwest Bancorp in the 2nd quarter valued at $460,000. Pinnacle Holdings LLC lifted its position in shares of First Northwest Bancorp by 53.2% during the 3rd quarter. Pinnacle Holdings LLC now owns 72,000 shares of the financial services provider’s stock valued at $567,000 after acquiring an additional 25,000 shares during the period. Finally, Kennedy Capital Management LLC lifted its position in First Northwest Bancorp by 3.1% during the second quarter. Kennedy Capital Management LLC now owns 334,625 shares of the financial services provider’s stock worth $2,577,000 after purchasing an additional 10,026 shares during the period. 66.11% of the stock is owned by institutional investors.

First Northwest Bancorp Trading Up 0.2%

NASDAQ FNWB opened at $9.88 on Tuesday. First Northwest Bancorp has a 12 month low of $6.05 and a 12 month high of $12.10. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.68. The stock has a 50 day moving average of $8.62 and a 200-day moving average of $8.20. The company has a market cap of $93.46 million, a PE ratio of 27.44 and a beta of 0.60.

First Northwest Bancorp (NASDAQ:FNWB) last issued its earnings results on Monday, October 27th. The financial services provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The firm had revenue of $16.57 million for the quarter, compared to analyst estimates of $17.25 million. First Northwest Bancorp had a return on equity of 2.10% and a net margin of 2.67%. On average, equities research analysts anticipate 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.