First Northwest Bancorp (NASDAQ:FNWB) Given New $14.00 Price Target at Piper Sandler

First Northwest Bancorp (NASDAQ:FNWB) had its price target decreased by research analysts at Piper Sandler from $15.00 to $14.00 in a report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Piper Sandler‘s price target would indicate a potential upside of 34.74% from the company’s current price.

Several other brokerages also recently issued reports on FNWB. Weiss Ratings downgraded First Northwest Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 3rd. Wall Street Zen lowered First Northwest Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Northwest Bancorp presently has a consensus rating of “Hold” and an average price target of $14.00.

First Northwest Bancorp Price Performance

Shares of NASDAQ:FNWB traded up $0.16 during trading on Monday, reaching $10.39. The stock had a trading volume of 7,542 shares, compared to its average volume of 34,546. First Northwest Bancorp has a 52 week low of $8.44 and a 52 week high of $12.52. The business’s 50-day moving average price is $10.24 and its 200 day moving average price is $10.23. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $98.69 million, a PE ratio of -1,039.00 and a beta of 0.63.

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

Insider Transactions at First Northwest Bancorp

In other First Northwest Bancorp news, Director Dana Behar sold 25,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $11.51, for a total value of $287,750.00. Following the transaction, the director directly owned 115,219 shares in the company, valued at approximately $1,326,170.69. This trade represents a 17.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.14% of the company’s stock.

Institutional Investors Weigh In On First Northwest Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Empowered Funds LLC acquired a new stake in First Northwest Bancorp in the second quarter worth about $260,000. Bank of America Corp DE bought a new stake in First Northwest Bancorp during the 2nd quarter worth about $533,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in First Northwest Bancorp during the 2nd quarter worth about $345,000. Pinnacle Holdings LLC acquired a new position in First Northwest Bancorp during the 2nd quarter valued at about $863,000. Finally, BlackRock Inc. acquired a new position in First Northwest Bancorp during the 2nd quarter valued at about $1,394,000. 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.