StockNews.com Upgrades First Northwest Bancorp (NASDAQ:FNWB) to “Buy”

StockNews.com upgraded shares of First Northwest Bancorp (NASDAQ:FNWB) from a hold rating to a buy rating in a report released on Friday.

A number of other research analysts have also recently issued reports on FNWB. Hovde Group began coverage on First Northwest Bancorp in a research note on Monday, January 13th. They issued an “outperform” rating and a $13.50 target price for the company. Piper Sandler boosted their target price on First Northwest Bancorp from $11.50 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, April 29th.

First Northwest Bancorp Stock Down 0.7%

Shares of First Northwest Bancorp stock opened at $9.89 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08. First Northwest Bancorp has a 12 month low of $8.91 and a 12 month high of $12.10. The business has a fifty day simple moving average of $10.16 and a 200 day simple moving average of $10.48. The stock has a market cap of $93.37 million, a PE ratio of -28.26 and a beta of 0.83.

First Northwest Bancorp (NASDAQ:FNWB) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. First Northwest Bancorp had a negative return on equity of 1.86% and a negative net margin of 2.38%. The business had revenue of $17.94 million during the quarter, compared to analysts’ expectations of $16.40 million. Research analysts predict that First Northwest Bancorp will post 0.5 EPS for the current year.

First Northwest Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.83%. First Northwest Bancorp’s dividend payout ratio (DPR) is -127.27%.

Institutional Trading of First Northwest Bancorp

A number of institutional investors have recently modified their holdings of the company. Round Rock Advisors LLC bought a new stake in shares of First Northwest Bancorp in the first quarter valued at about $108,000. Citadel Advisors LLC lifted its holdings in shares of First Northwest Bancorp by 5.6% in the fourth quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 860 shares in the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of First Northwest Bancorp by 43.3% in the fourth quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider’s stock valued at $770,000 after purchasing an additional 22,788 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of First Northwest Bancorp by 48.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 15,622 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of First Northwest Bancorp in the fourth quarter valued at about $277,000. 66.11% of the stock is currently owned by institutional investors.

First Northwest Bancorp Company Profile

First Northwest Bancorp operates as a bank holding company for First Fed Bank that provides commercial and consumer banking services to individuals, businesses, and nonprofit organizations in western Washington, the United States. The company accepts various deposit instruments, including checking, money market deposit, savings, and transaction accounts, as well as certificates of deposit.