First Northwest Bancorp (NASDAQ:FNWB) Announces Earnings Results

First Northwest Bancorp (NASDAQ:FNWB) released its quarterly earnings results on Wednesday. The financial services provider reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04), reports. The business had revenue of $16.45 million for the quarter, compared to the consensus estimate of $16.80 million. First Northwest Bancorp had a net margin of 5.35% and a return on equity of 4.18%.

First Northwest Bancorp Stock Up 0.2%

Shares of NASDAQ:FNWB traded up $0.02 during trading on Thursday, hitting $9.99. The stock had a trading volume of 8,306 shares, compared to its average volume of 45,512. First Northwest Bancorp has a 12 month low of $6.05 and a 12 month high of $10.98. The company has a market capitalization of $94.90 million, a PE ratio of 13.88 and a beta of 0.58. The firm’s fifty day moving average is $9.40 and its 200 day moving average is $9.54. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.96.

Insider Activity

In other news, CEO Curt Queyrouze bought 4,770 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was purchased at an average price of $10.41 per share, with a total value of $49,655.70. Following the transaction, the chief executive officer owned 54,770 shares of the company’s stock, valued at approximately $570,155.70. The trade was a 9.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.14% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FNWB. Fourthstone LLC raised its position in shares of First Northwest Bancorp by 8.1% in the 4th quarter. Fourthstone LLC now owns 939,429 shares of the financial services provider’s stock worth $8,812,000 after acquiring an additional 70,337 shares in the last quarter. Jane Street Group LLC bought a new position in shares of First Northwest Bancorp in the 4th quarter worth approximately $199,000. Renaissance Technologies LLC grew its stake in shares of First Northwest Bancorp by 5.6% in the 4th quarter. Renaissance Technologies LLC now owns 295,105 shares of the financial services provider’s stock worth $2,768,000 after buying an additional 15,600 shares during the last quarter. Pinnacle Holdings LLC grew its stake in shares of First Northwest Bancorp by 18.0% in the 4th quarter. Pinnacle Holdings LLC now owns 84,928 shares of the financial services provider’s stock worth $797,000 after buying an additional 12,928 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in shares of First Northwest Bancorp by 13.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider’s stock worth $418,000 after buying an additional 5,441 shares during the last quarter. Institutional investors own 66.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on FNWB. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of First Northwest Bancorp in a research report on Friday, March 27th. Wall Street Zen raised First Northwest Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.50.

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.