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

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

Separately, Weiss Ratings upgraded First Northwest Bancorp from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, First Northwest Bancorp currently has an average rating of “Hold” and a consensus target price of $13.50.

First Northwest Bancorp Trading Up 2.3%

Shares of NASDAQ FNWB opened at $9.97 on Friday. The stock has a market cap of $94.71 million, a price-to-earnings ratio of 18.13 and a beta of 0.67. The business has a 50 day simple moving average of $9.54 and a 200 day simple moving average of $9.70. First Northwest Bancorp has a 52 week low of $6.05 and a 52 week high of $10.98. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.06 and a current ratio of 1.06.

First Northwest Bancorp (NASDAQ:FNWB) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.03). First Northwest Bancorp had a return on equity of 3.14% and a net margin of 4.20%.The company had revenue of $16.45 million during the quarter, compared to analyst estimates of $16.80 million. On average, research analysts predict that First Northwest Bancorp will post 0.2 earnings per share for the current fiscal year.

Institutional Trading of First Northwest Bancorp

Large investors have recently made changes to their positions in the business. Empowered Funds LLC grew its holdings in shares of First Northwest Bancorp by 9.6% during the fourth quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 1,841 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of First Northwest Bancorp during the fourth quarter worth $199,000. Bridgeway Capital Management LLC boosted its holdings in First Northwest Bancorp by 13.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider’s stock valued at $418,000 after acquiring an additional 5,441 shares during the last quarter. Arcus Capital Partners LLC boosted its holdings in First Northwest Bancorp by 115.5% in the first quarter. Arcus Capital Partners LLC now owns 56,987 shares of the financial services provider’s stock valued at $495,000 after acquiring an additional 30,543 shares during the last quarter. Finally, 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 acquiring an additional 25,000 shares during the last quarter. 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.