First Northwest Bancorp (NASDAQ:FNWB) Shares Pass Above 50-Day Moving Average – Time to Sell?

First Northwest Bancorp (NASDAQ:FNWB) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $9.92 and traded as high as $10.67. First Northwest Bancorp shares last traded at $10.35, with a volume of 25,027 shares traded.

Analyst Ratings Changes

A number of brokerages recently commented on FNWB. Weiss Ratings downgraded First Northwest Bancorp from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Wall Street Zen raised First Northwest Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.50.

First Northwest Bancorp Stock Performance

The company has a market cap of $98.31 million, a P/E ratio of 18.82 and a beta of 0.66. The company has a 50 day moving average price of $9.92 and a 200-day moving average price of $9.78. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.09.

First Northwest Bancorp (NASDAQ:FNWB) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.00 earnings per share (EPS) 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 business had revenue of $16.45 million during the quarter, compared to the consensus estimate of $16.80 million. Equities analysts expect that First Northwest Bancorp will post 0.2 EPS for the current fiscal year.

Institutional Trading of First Northwest Bancorp

Several institutional investors have recently modified their holdings of the company. Empowered Funds LLC lifted its holdings in shares of First Northwest Bancorp by 8.7% in the first quarter. Empowered Funds LLC now owns 22,793 shares of the financial services provider’s stock valued at $198,000 after buying an additional 1,822 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of 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 buying an additional 5,441 shares during the period. Pinnacle Holdings LLC lifted its holdings in shares of First Northwest Bancorp by 18.0% in the fourth quarter. Pinnacle Holdings LLC now owns 84,928 shares of the financial services provider’s stock valued at $797,000 after buying an additional 12,928 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of First Northwest Bancorp by 5.6% in the fourth quarter. Renaissance Technologies LLC now owns 295,105 shares of the financial services provider’s stock valued at $2,768,000 after buying an additional 15,600 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of First Northwest Bancorp in the fourth quarter valued at $199,000. Institutional investors and hedge funds 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.