First Northwest Bancorp (NASDAQ:FNWB) Upgraded at Wall Street Zen
by Sarita Garza · The Markets DailyWall Street Zen upgraded shares of First Northwest Bancorp (NASDAQ:FNWB – Free Report) from a sell rating to a hold rating in a research report released on Sunday.
Several other research analysts have also commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of First Northwest Bancorp in a research note on Monday, December 29th. Zacks Research upgraded shares of First Northwest Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.50.
View Our Latest Analysis on FNWB
First Northwest Bancorp Price Performance
FNWB opened at $8.68 on Friday. The firm has a market capitalization of $82.46 million, a PE ratio of 12.06 and a beta of 0.57. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.05 and a quick ratio of 1.05. The business’s 50-day moving average is $9.67 and its two-hundred day moving average is $9.23. First Northwest Bancorp has a 1 year low of $6.05 and a 1 year high of $10.98.
First Northwest Bancorp (NASDAQ:FNWB – Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.05). First Northwest Bancorp had a net margin of 5.35% and a return on equity of 4.18%. The firm had revenue of $18.38 million for the quarter, compared to analysts’ expectations of $17.15 million. Research analysts anticipate that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.
Insider Activity
In other news, CEO Curt Queyrouze bought 4,770 shares of First Northwest Bancorp stock in a transaction that occurred 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 directly owned 54,770 shares of the company’s stock, valued at approximately $570,155.70. The trade was a 9.54% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.47% of the stock is currently owned by insiders.
Institutional Trading of First Northwest Bancorp
Several large investors have recently added to or reduced their stakes in the company. Fourthstone LLC increased its holdings in shares of First Northwest Bancorp by 8.1% in the fourth quarter. Fourthstone LLC now owns 939,429 shares of the financial services provider’s stock valued at $8,812,000 after purchasing an additional 70,337 shares during the period. Kennedy Capital Management LLC lifted its holdings in shares of 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 during the period. Renaissance Technologies LLC boosted its position in First Northwest Bancorp by 5.6% in the fourth quarter. Renaissance Technologies LLC now owns 295,105 shares of the financial services provider’s stock valued at $2,768,000 after buying an additional 15,600 shares during the last quarter. Pinnacle Holdings LLC boosted its position in First Northwest Bancorp by 18.0% in the fourth quarter. Pinnacle Holdings LLC now owns 84,928 shares of the financial services provider’s stock valued at $797,000 after buying an additional 12,928 shares during the last quarter. Finally, HoldCo Asset Management LP acquired a new position in First Northwest Bancorp in the 2nd quarter worth approximately $460,000. Hedge funds and other institutional investors own 66.11% of the company’s stock.
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.