First Northwest Bancorp (NASDAQ:FNWB) Given Consensus Recommendation of “Hold” by Analysts

First Northwest Bancorp (NASDAQ:FNWB) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $13.50.

A number of analysts have recently issued reports on the stock. Piper Sandler raised shares of First Northwest Bancorp from a “neutral” rating to an “overweight” rating and raised their price target for the company from $10.50 to $13.50 in a report on Friday, November 7th. UBS Group upgraded shares of First Northwest Bancorp to a “neutral” rating in a report on Friday, November 7th. Zacks Research downgraded shares of First Northwest Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of First Northwest Bancorp in a report on Friday, October 31st.

First Northwest Bancorp Trading Down 0.1%

Shares of NASDAQ:FNWB opened at $9.24 on Friday. The company has a market cap of $87.41 million, a P/E ratio of 25.67 and a beta of 0.79. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.01 and a quick ratio of 1.04. First Northwest Bancorp has a 1 year low of $6.05 and a 1 year high of $12.10. The stock’s fifty day moving average price is $8.04 and its 200-day moving average price is $8.25.

First Northwest Bancorp (NASDAQ:FNWB) last released its quarterly earnings data on Monday, October 27th. The financial services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.09). First Northwest Bancorp had a return on equity of 2.10% and a net margin of 2.67%.The business had revenue of $16.57 million during the quarter, compared to the consensus estimate of $17.25 million. Sell-side analysts expect that First Northwest Bancorp will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On First Northwest Bancorp

A number of large investors have recently made changes to their positions in the company. Round Rock Advisors LLC purchased a new stake in shares of First Northwest Bancorp during the 1st quarter valued at about $108,000. Bensler LLC bought a new stake in First Northwest Bancorp during the second quarter valued at approximately $89,000. Huber Capital Management LLC purchased a new stake in First Northwest Bancorp during the first quarter valued at approximately $154,000. HoldCo Asset Management LP purchased a new stake in First Northwest Bancorp during the second quarter valued at approximately $460,000. Finally, Pinnacle Holdings LLC raised its position in First Northwest Bancorp by 53.2% in the third quarter. Pinnacle Holdings LLC now owns 72,000 shares of the financial services provider’s stock worth $567,000 after acquiring an additional 25,000 shares during the period. 66.11% of the stock is currently owned by institutional investors.

About First Northwest Bancorp

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.