First Northwest Bancorp (NASDAQ:FNWB) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of First Northwest Bancorp (NASDAQ:FNWB) from a strong sell rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

A number of other analysts have also recently commented on FNWB. UBS Group upgraded shares of First Northwest Bancorp to a “neutral” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of First Northwest Bancorp in a report on Monday. Finally, Piper Sandler upgraded shares of First Northwest Bancorp from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $10.50 to $13.50 in a research note on Friday, November 7th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.50.

First Northwest Bancorp Stock Down 0.8%

Shares of FNWB stock opened at $9.42 on Monday. The stock’s fifty day moving average price is $9.48 and its 200 day moving average price is $8.35. First Northwest Bancorp has a 1-year low of $6.05 and a 1-year high of $12.10. The company has a market cap of $89.11 million, a price-to-earnings ratio of 26.17 and a beta of 0.60. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.01 and a quick ratio of 1.01.

First Northwest Bancorp (NASDAQ:FNWB) last released its quarterly earnings results on Monday, October 27th. The financial services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The business had revenue of $16.57 million during the quarter, compared to analysts’ expectations of $17.25 million. First Northwest Bancorp had a net margin of 2.67% and a return on equity of 2.10%. On average, research analysts expect that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Fourthstone LLC grew its position in First Northwest Bancorp by 8.5% during the second quarter. Fourthstone LLC now owns 937,390 shares of the financial services provider’s stock valued at $7,218,000 after buying an additional 73,578 shares during the period. HoldCo Asset Management LP purchased a new position in shares of First Northwest Bancorp in the 2nd quarter valued at about $460,000. Pinnacle Holdings LLC raised its holdings in First Northwest Bancorp by 53.2% in 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 during the period. Bensler LLC acquired a new position in First Northwest Bancorp in the 2nd quarter worth about $89,000. Finally, Kennedy Capital Management LLC boosted its position in First Northwest Bancorp by 3.1% during the second quarter. Kennedy Capital Management LLC now owns 334,625 shares of the financial services provider’s stock worth $2,577,000 after purchasing an additional 10,026 shares in the last quarter. 66.11% of the stock is owned by institutional investors and hedge funds.

First Northwest Bancorp Company Profile

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.