First Northwest Bancorp (NASDAQ:FNWB) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

First Northwest Bancorp (NASDAQ:FNWB) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.54 and traded as high as $10.20. First Northwest Bancorp shares last traded at $9.97, with a volume of 30,890 shares changing hands.

Analyst Upgrades and Downgrades

FNWB has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of First Northwest Bancorp from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday. Wall Street Zen raised First Northwest Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, First Northwest Bancorp currently has an average rating of “Hold” and an average price target of $13.50.

First Northwest Bancorp Trading Up 2.3%

The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.06 and a current ratio of 1.06. The business has a fifty day simple moving average of $9.54 and a 200 day simple moving average of $9.70. The stock has a market capitalization of $94.71 million, a price-to-earnings ratio of 18.13 and a beta of 0.67.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.03). First Northwest Bancorp had a net margin of 4.20% and a return on equity of 3.14%. The firm had revenue of $16.45 million during the quarter, compared to analyst estimates of $16.80 million. As a group, research analysts expect that First Northwest Bancorp will post 0.2 EPS for the current year.

Institutional Trading of First Northwest Bancorp

A number of institutional investors have recently modified their holdings of the stock. Pinnacle Holdings LLC grew its holdings in shares of 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 worth $567,000 after purchasing an additional 25,000 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of First Northwest Bancorp by 9.6% during the 4th 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 in the last quarter. Renaissance Technologies LLC lifted its position in shares of First Northwest Bancorp by 5.6% during the 4th quarter. Renaissance Technologies LLC now owns 295,105 shares of the financial services provider’s stock worth $2,768,000 after buying an additional 15,600 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of First Northwest Bancorp during the 4th quarter worth $199,000. Finally, Fourthstone LLC lifted its position in shares of First Northwest Bancorp by 8.1% during the 4th quarter. Fourthstone LLC now owns 939,429 shares of the financial services provider’s stock worth $8,812,000 after buying an additional 70,337 shares during the last quarter. 66.11% of the stock is currently owned by institutional investors.

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.