First Northwest Bancorp (NASDAQ:FNWB) Raised to Hold at Zacks Research

First Northwest Bancorp (NASDAQ:FNWB) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other brokerages have also recently commented on FNWB. Piper Sandler upgraded shares of First Northwest Bancorp from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $10.50 to $13.50 in a research note on Friday, November 7th. UBS Group raised shares of First Northwest Bancorp to a “neutral” rating in a research report on Friday, November 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of First Northwest Bancorp in a research report on Monday. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.50.

First Northwest Bancorp Trading Down 0.8%

NASDAQ FNWB opened at $9.42 on Monday. The stock has a market capitalization of $89.11 million, a PE ratio of 26.17 and a beta of 0.60. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.68. The firm has a 50 day moving average of $9.48 and a two-hundred day moving average of $8.35. First Northwest Bancorp has a 52 week low of $6.05 and a 52 week high of $12.10.

First Northwest Bancorp (NASDAQ:FNWB) last released its quarterly earnings data on Monday, October 27th. The financial services provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $16.57 million for the quarter, compared to analyst estimates of $17.25 million. As a group, research analysts expect that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

Institutional Trading of First Northwest Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in FNWB. HoldCo Asset Management LP acquired a new position in First Northwest Bancorp during the 2nd quarter valued at $460,000. Bensler LLC bought a new position in shares of First Northwest Bancorp during the 2nd quarter worth approximately $89,000. Fourthstone LLC grew its holdings in shares of First Northwest Bancorp by 8.5% in the 2nd quarter. Fourthstone LLC now owns 937,390 shares of the financial services provider’s stock worth $7,218,000 after purchasing an additional 73,578 shares during the last quarter. Kennedy Capital Management LLC boosted its holdings in shares of First Northwest Bancorp by 3.1% in the 2nd quarter. Kennedy Capital Management LLC now owns 334,625 shares of the financial services provider’s stock worth $2,577,000 after acquiring an additional 10,026 shares in the last quarter. Finally, Pinnacle Holdings LLC boosted its stake 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 purchasing an additional 25,000 shares in the last quarter. Institutional investors and hedge funds 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.