Piper Sandler Lowers First Northwest Bancorp (NASDAQ:FNWB) Price Target to $12.00

First Northwest Bancorp (NASDAQ:FNWB) had its target price cut by Piper Sandler from $17.00 to $12.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

FNWB has been the subject of several other research reports. TheStreet downgraded First Northwest Bancorp from a c+ rating to a d+ rating in a report on Thursday, January 25th. StockNews.com raised shares of First Northwest Bancorp from a sell rating to a hold rating in a research report on Friday, March 1st.

First Northwest Bancorp Stock Performance

FNWB opened at $10.20 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.96. First Northwest Bancorp has a 12-month low of $9.94 and a 12-month high of $16.12. The business has a 50 day moving average of $14.09 and a 200-day moving average of $14.28. The stock has a market cap of $96.29 million, a price-to-earnings ratio of 40.80 and a beta of 0.86.

First Northwest Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, May 9th. First Northwest Bancorp’s dividend payout ratio is presently 112.00%.

Insider Transactions at First Northwest Bancorp

In other First Northwest Bancorp news, EVP Terry A. Anderson sold 3,100 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $15.72, for a total value of $48,732.00. Following the transaction, the executive vice president now directly owns 16,677 shares of the company’s stock, valued at approximately $262,162.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have bought 4,516 shares of company stock worth $58,012. Company insiders own 4.94% of the company’s stock.

Institutional Investors Weigh In On First Northwest Bancorp

Institutional investors have recently modified their holdings of the business. Coldstream Capital Management Inc. acquired a new position in shares of First Northwest Bancorp in the third quarter valued at about $436,000. Pacific Ridge Capital Partners LLC boosted its holdings in First Northwest Bancorp by 2.1% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 301,674 shares of the financial services provider’s stock valued at $3,702,000 after purchasing an additional 6,341 shares during the period. Brandywine Global Investment Management LLC boosted its holdings in First Northwest Bancorp by 2.0% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 119,961 shares of the financial services provider’s stock valued at $1,472,000 after purchasing an additional 2,400 shares during the period. Equitable Trust Co. grew its position in shares of First Northwest Bancorp by 6.6% during the 4th quarter. Equitable Trust Co. now owns 19,496 shares of the financial services provider’s stock worth $311,000 after purchasing an additional 1,201 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of First Northwest Bancorp by 21.9% during the third quarter. Barclays PLC now owns 6,022 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 1,083 shares during the period. Institutional investors own 66.11% of the company’s stock.

About First Northwest Bancorp

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.