First Northwest Bancorp (NASDAQ:FNWB) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of First Northwest Bancorp (NASDAQ:FNWB – Free Report) to a hold rating in a research report sent to investors on Saturday.

A number of other equities analysts have also recently commented on FNWB. UBS Group raised shares of First Northwest Bancorp to a “neutral” rating in a research report on Friday, November 7th. Zacks Research raised shares of First Northwest Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Piper Sandler upgraded shares of First Northwest Bancorp from a “neutral” rating to an “overweight” rating and upped their price target for the company from $10.50 to $13.50 in a research note on Friday, November 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of First Northwest Bancorp in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $13.50.

Get Our Latest Report on FNWB

First Northwest Bancorp Price Performance

Shares of NASDAQ FNWB opened at $9.71 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.68. The business’s 50 day moving average price is $9.60 and its two-hundred day moving average price is $8.46. The company has a market cap of $91.86 million, a PE ratio of 26.97 and a beta of 0.60. First Northwest Bancorp has a twelve month low of $6.05 and a twelve month high of $12.10.

First Northwest Bancorp (NASDAQ:FNWB – Get Free Report) last released its quarterly earnings data on Monday, October 27th. The financial services provider reported $0.09 earnings per share (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 analyst estimates of $17.25 million. First Northwest Bancorp had a net margin of 2.67% and a return on equity of 2.10%. On average, analysts predict that First Northwest Bancorp will post 0.5 EPS for the current year.

Institutional Investors Weigh In On First Northwest Bancorp

A number of large investors have recently added to or reduced their stakes in FNWB. Fourthstone LLC raised its holdings in First Northwest Bancorp by 8.5% in the 2nd 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 in the last quarter. Kennedy Capital Management LLC boosted its position in shares of First Northwest Bancorp by 3.1% during the 2nd quarter. Kennedy Capital Management LLC now owns 334,625 shares of the financial services provider’s stock worth $2,577,000 after acquiring an additional 10,026 shares in the last quarter. Pinnacle Holdings LLC increased its stake in First Northwest Bancorp by 53.2% in 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 last quarter. HoldCo Asset Management LP acquired a new position in First Northwest Bancorp during the second quarter valued at approximately $460,000. Finally, Bensler LLC lifted its stake in First Northwest Bancorp by 11.0% during the third quarter. Bensler LLC now owns 12,868 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 1,276 shares during the last quarter. Institutional investors and hedge funds own 66.11% of the company’s stock.

About First Northwest Bancorp

(Get Free Report)

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.

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