First Northwest Bancorp (NASDAQ:FNWB) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

First Northwest Bancorp (NASDAQ:FNWB)’s stock price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $10.23 and traded as high as $10.37. First Northwest Bancorp shares last traded at $10.32, with a volume of 71,169 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen raised shares of First Northwest Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Piper Sandler lifted their target price on First Northwest Bancorp from $13.50 to $15.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Weiss Ratings lowered First Northwest Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.00.

First Northwest Bancorp Stock Performance

The firm has a 50-day moving average price of $10.24 and a 200 day moving average price of $10.23. The firm has a market capitalization of $97.19 million, a PE ratio of 93.73 and a beta of 0.63. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.98.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings data on Thursday, October 29th. The financial services provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). First Northwest Bancorp had a negative net margin of 0.04% and a positive return on equity of 0.62%. The firm had revenue of $16.49 million during the quarter, compared to analyst estimates of $16.55 million. Research analysts expect that First Northwest Bancorp will post 0.06 earnings per share for the current year.

Insiders Place Their Bets

In other First Northwest Bancorp news, Director Dana Behar sold 25,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $11.51, for a total transaction of $287,750.00. Following the sale, the director directly owned 115,219 shares in the company, valued at $1,326,170.69. This represents a 17.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in First Northwest Bancorp during the 2nd quarter worth approximately $1,394,000. Pinnacle Holdings LLC acquired a new stake in First Northwest Bancorp during the 2nd quarter worth approximately $863,000. Bank of America Corp DE purchased a new position in First Northwest Bancorp in the 2nd quarter valued at approximately $533,000. Renaissance Technologies LLC boosted its position in First Northwest Bancorp by 14.6% in the 1st quarter. Renaissance Technologies LLC now owns 338,305 shares of the financial services provider’s stock valued at $2,936,000 after buying an additional 43,200 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in First Northwest Bancorp in the 2nd quarter valued at approximately $345,000. Hedge funds and other institutional investors own 66.11% of the company’s stock.

About First Northwest Bancorp

First Northwest Bancorp is the bank holding company for First Fed Bank, a community-focused financial institution headquartered in Port Angeles, Washington. First Fed Bank provides banking services to individuals, families, businesses and nonprofit organizations in communities across the Olympic Peninsula and the broader Puget Sound region.

The bank offers deposit products such as checking and savings accounts, certificates of deposit and business accounts. Its lending activities include residential mortgages, home-equity loans, consumer loans and commercial financing for businesses and real estate projects.