First Northwest Bancorp (NASDAQ:FNWB) Upgraded to “Hold” at Wall Street Zen

by · The Markets Daily

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 morning.

A number of other research firms have also weighed in on FNWB. 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 reaffirmed a “sell (d-)” rating on shares of First Northwest Bancorp in a research note on Monday, December 29th. UBS Group upgraded First Northwest Bancorp to a “neutral” rating in a report on Friday, November 7th. Finally, Piper Sandler upgraded First Northwest Bancorp from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $10.50 to $13.50 in a report on Friday, November 7th. Two investment analysts have 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 MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.50.

View Our Latest Stock Analysis on FNWB

First Northwest Bancorp Stock Performance

NASDAQ:FNWB opened at $9.80 on Friday. The firm has a market capitalization of $92.71 million, a PE ratio of 27.22 and a beta of 0.60. The stock’s fifty day moving average is $9.59 and its 200 day moving average is $8.44. First Northwest Bancorp has a fifty-two week low of $6.05 and a fifty-two week high of $12.10. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.01 and a current ratio of 1.01.

First Northwest Bancorp (NASDAQ:FNWB – Get Free Report) last posted its quarterly earnings data on Monday, October 27th. The financial services provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). First Northwest Bancorp had a net margin of 2.67% and a return on equity of 2.10%. The firm had revenue of $16.57 million for the quarter, compared to the consensus estimate of $17.25 million. On average, sell-side analysts anticipate that First Northwest Bancorp will post 0.5 earnings per share for the current year.

Institutional Trading of First Northwest Bancorp

A number of hedge funds have recently added to or reduced their stakes in FNWB. Fourthstone LLC increased its position in First Northwest Bancorp by 8.5% during the 2nd quarter. Fourthstone LLC now owns 937,390 shares of the financial services provider’s stock valued at $7,218,000 after purchasing an additional 73,578 shares during the period. HoldCo Asset Management LP bought a new position in shares of First Northwest Bancorp during the second quarter valued at approximately $460,000. Pinnacle Holdings LLC increased 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 buying an additional 25,000 shares during the period. Bensler LLC purchased a new position in First Northwest Bancorp during the second quarter valued at approximately $89,000. Finally, Kennedy Capital Management LLC raised its stake in 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 worth $2,577,000 after buying an additional 10,026 shares in the last quarter. 66.11% of the stock is owned by hedge funds and other institutional investors.

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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