First Northwest Bancorp (NASDAQ:FNWB) Upgraded at Wall Street Zen

First Northwest Bancorp (NASDAQ:FNWB) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts have also recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of First Northwest Bancorp in a research report on Monday, December 29th. UBS Group upgraded First Northwest Bancorp to a “neutral” rating in a report on Friday, November 7th. 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 research note on Friday, November 7th. Finally, Zacks Research raised First Northwest Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, First Northwest Bancorp currently has a consensus rating of “Hold” and an average target price of $13.50.

First Northwest Bancorp Stock Performance

NASDAQ:FNWB opened at $9.80 on Friday. First Northwest Bancorp has a fifty-two week low of $6.05 and a fifty-two week high of $12.10. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50 day moving average price of $9.59 and a 200 day moving average price of $8.43. The stock has a market capitalization of $92.71 million, a P/E ratio of 27.22 and a beta of 0.60.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings results on Monday, October 27th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). First Northwest Bancorp had a return on equity of 2.10% and a net margin of 2.67%.The business had revenue of $16.57 million for the quarter, compared to analysts’ expectations of $17.25 million. Equities research analysts forecast that First Northwest Bancorp will post 0.5 EPS for the current year.

Institutional Investors Weigh In On First Northwest Bancorp

Several institutional investors have recently added to or reduced their stakes in the business. Pinnacle Holdings LLC boosted its holdings in First Northwest Bancorp by 53.2% in the third 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. Bensler LLC lifted its position in shares of First Northwest Bancorp by 11.0% during the 3rd quarter. Bensler LLC now owns 12,868 shares of the financial services provider’s stock worth $101,000 after buying an additional 1,276 shares during the last quarter. HoldCo Asset Management LP acquired a new position in shares of First Northwest Bancorp in the 2nd quarter valued at $460,000. Fourthstone LLC grew its position in shares of First Northwest Bancorp by 8.5% in the 2nd quarter. Fourthstone LLC now owns 937,390 shares of the financial services provider’s stock valued at $7,218,000 after buying an additional 73,578 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its position in shares of 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 valued at $2,577,000 after buying an additional 10,026 shares during the last quarter. Hedge funds and other institutional investors own 66.11% of the company’s stock.

About First Northwest Bancorp

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.