First Northwest Bancorp (NASDAQ:FNWB) Upgraded to “Hold” at Wall Street Zen

First Northwest Bancorp (NASDAQ:FNWB) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

FNWB has been the topic of several other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of First Northwest Bancorp in a research report on Monday, December 29th. Zacks Research raised First Northwest Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.50.

First Northwest Bancorp Stock Performance

Shares of FNWB stock opened at $8.70 on Friday. The company has a market capitalization of $82.22 million, a price-to-earnings ratio of 12.08 and a beta of 0.57. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.05 and a current ratio of 1.05. The company has a 50-day simple moving average of $9.74 and a 200 day simple moving average of $9.19. First Northwest Bancorp has a 52 week low of $6.05 and a 52 week high of $10.98.

First Northwest Bancorp (NASDAQ:FNWB) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.05). The company had revenue of $18.38 million during the quarter, compared to the consensus estimate of $17.15 million. First Northwest Bancorp had a net margin of 5.35% and a return on equity of 4.18%. On average, sell-side analysts predict that First Northwest Bancorp will post 0.5 earnings per share for the current year.

Insiders Place Their Bets

In other First Northwest Bancorp news, CEO Curt Queyrouze acquired 4,770 shares of the company’s stock in a transaction on Friday, February 6th. The stock was acquired at an average price of $10.41 per share, for a total transaction of $49,655.70. Following the purchase, the chief executive officer directly owned 54,770 shares of the company’s stock, valued at $570,155.70. This trade represents a 9.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.47% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Bensler LLC increased its holdings in shares of First Northwest Bancorp by 11.0% during the third quarter. Bensler LLC now owns 12,868 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 1,276 shares during the period. Empowered Funds LLC boosted its stake in shares of First Northwest Bancorp by 9.6% in the fourth quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider’s stock valued at $197,000 after buying an additional 1,841 shares during the period. Jane Street Group LLC bought a new stake in shares of First Northwest Bancorp in the fourth quarter valued at approximately $199,000. Bridgeway Capital Management LLC grew its position in First Northwest Bancorp by 13.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider’s stock worth $418,000 after buying an additional 5,441 shares in the last quarter. Finally, HoldCo Asset Management LP acquired a new stake in First Northwest Bancorp during the second quarter worth approximately $460,000. Institutional investors and hedge funds own 66.11% of the company’s stock.

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.