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

Shares of First Northwest Bancorp (NASDAQ:FNWB) have been given a consensus recommendation of “Hold” by the five analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $13.50.

FNWB has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of First Northwest Bancorp in a research report on Monday. Zacks Research lowered shares of First Northwest Bancorp from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Piper Sandler raised First Northwest Bancorp from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $10.50 to $13.50 in a research report on Friday, November 7th. Finally, UBS Group upgraded First Northwest Bancorp to a “neutral” rating in a report on Friday, November 7th.

Institutional Investors Weigh In On First Northwest Bancorp

Several institutional investors have recently added to or reduced their stakes in FNWB. Bensler LLC acquired a new position in shares of First Northwest Bancorp during the second quarter valued at about $89,000. Kennedy Capital Management LLC boosted its stake in First Northwest Bancorp by 3.1% in the 2nd 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 in the last quarter. Fourthstone LLC grew its position in First Northwest Bancorp by 8.5% during the 2nd quarter. Fourthstone LLC now owns 937,390 shares of the financial services provider’s stock worth $7,218,000 after purchasing an additional 73,578 shares during the last quarter. HoldCo Asset Management LP purchased a new stake in First Northwest Bancorp during the 2nd quarter worth approximately $460,000. Finally, Pinnacle Holdings LLC increased its stake in 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 purchasing an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 66.11% of the company’s stock.

First Northwest Bancorp Stock Performance

Shares of FNWB stock opened at $9.72 on Friday. The firm has a market cap of $91.95 million, a price-to-earnings ratio of 27.00 and a beta of 0.60. First Northwest Bancorp has a 52-week low of $6.05 and a 52-week high of $12.10. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.68. The company’s 50 day moving average is $9.41 and its 200 day moving average is $8.34.

First Northwest Bancorp (NASDAQ:FNWB) last announced its earnings results on Monday, October 27th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.09). The company had revenue of $16.57 million for the quarter, compared to the consensus estimate of $17.25 million. First Northwest Bancorp had a net margin of 2.67% and a return on equity of 2.10%. On average, sell-side analysts anticipate that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

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.