Curt Queyrouze Purchases 4,770 Shares of First Northwest Bancorp (NASDAQ:FNWB) Stock

First Northwest Bancorp (NASDAQ:FNWB) CEO Curt Queyrouze acquired 4,770 shares of the company’s stock in a transaction on Friday, February 6th. The stock was bought at an average price of $10.41 per share, for a total transaction of $49,655.70. Following the purchase, the chief executive officer owned 54,770 shares in the company, valued at approximately $570,155.70. This trade represents a 9.54% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

First Northwest Bancorp Stock Up 0.1%

FNWB stock opened at $10.26 on Wednesday. The company has a 50 day moving average of $10.01 and a two-hundred day moving average of $8.83. The company has a market cap of $97.06 million, a price-to-earnings ratio of 14.25 and a beta of 0.58. First Northwest Bancorp has a 12-month low of $6.05 and a 12-month high of $12.10. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.68.

First Northwest Bancorp (NASDAQ:FNWB) last posted its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). First Northwest Bancorp had a return on equity of 4.23% and a net margin of 5.35%.The company had revenue of $18.38 million during the quarter, compared to analyst estimates of $17.15 million. On average, equities analysts anticipate that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FNWB shares. UBS Group upgraded First Northwest Bancorp to a “neutral” rating in a report on Friday, November 7th. Wall Street Zen raised shares of First Northwest Bancorp to a “hold” rating in a research report on Saturday, January 10th. Zacks Research raised shares of First Northwest Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings restated a “sell (d-)” rating on shares of First Northwest Bancorp in a research note on Monday, December 29th. Finally, Piper Sandler raised shares of First Northwest Bancorp from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $10.50 to $13.50 in a research note on Friday, November 7th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.50.

Hedge Funds Weigh In On First Northwest Bancorp

Institutional investors have recently modified their holdings of the company. HoldCo Asset Management LP bought a new stake in shares of First Northwest Bancorp during the 2nd quarter worth $460,000. Bensler LLC acquired a new position in First Northwest Bancorp during the 2nd quarter worth $89,000. Fourthstone LLC boosted its holdings 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 acquiring an additional 73,578 shares during the period. Pinnacle Holdings LLC boosted its holdings in First Northwest Bancorp by 53.2% during 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 period. Finally, Kennedy Capital Management LLC grew its position in shares of First Northwest Bancorp by 3.1% in the second quarter. Kennedy Capital Management LLC now owns 334,625 shares of the financial services provider’s stock valued at $2,577,000 after purchasing an additional 10,026 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.