First Northwest Bancorp (NASDAQ:FNWB) Rating Increased to Buy at StockNews.com

First Northwest Bancorp (NASDAQ:FNWB) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Several other equities analysts have also recently issued reports on FNWB. Hovde Group started coverage on First Northwest Bancorp in a research note on Monday, January 13th. They set an “outperform” rating and a $13.50 target price on the stock. Piper Sandler lifted their price target on shares of First Northwest Bancorp from $11.50 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, April 29th.

First Northwest Bancorp Trading Down 0.7 %

Shares of FNWB opened at $9.89 on Friday. The stock has a market capitalization of $93.37 million, a P/E ratio of -28.26 and a beta of 0.83. First Northwest Bancorp has a twelve month low of $8.91 and a twelve month high of $12.10. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08. The firm has a fifty day simple moving average of $10.16 and a two-hundred day simple moving average of $10.48.

First Northwest Bancorp (NASDAQ:FNWB) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. The company had revenue of $17.94 million during the quarter, compared to analyst estimates of $16.40 million. First Northwest Bancorp had a negative net margin of 2.38% and a negative return on equity of 1.86%. On average, research analysts anticipate that First Northwest Bancorp will post 0.5 EPS for the current year.

Institutional Investors Weigh In On First Northwest Bancorp

Several hedge funds have recently made changes to their positions in FNWB. Barclays PLC lifted its position in First Northwest Bancorp by 60.5% during the third quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock valued at $72,000 after buying an additional 2,568 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in First Northwest Bancorp by 48.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider’s stock valued at $489,000 after acquiring an additional 15,622 shares during the period. FNY Investment Advisers LLC purchased a new position in First Northwest Bancorp during the 4th quarter valued at about $277,000. Kennedy Capital Management LLC lifted its position in First Northwest Bancorp by 43.3% during the 4th quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider’s stock valued at $770,000 after acquiring an additional 22,788 shares during the period. Finally, Round Rock Advisors LLC bought a new stake in First Northwest Bancorp during the first quarter worth about $108,000. 66.11% of the stock is currently owned by institutional investors.

First Northwest Bancorp Company Profile

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.