First Northwest Bancorp (NASDAQ:FNWB) Upgraded at Zacks Research

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

Several other research firms also recently commented on FNWB. Piper Sandler reduced their price objective on First Northwest Bancorp from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday. Weiss Ratings cut First Northwest Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 3rd. Finally, Wall Street Zen downgraded First Northwest Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

First Northwest Bancorp Stock Performance

Shares of NASDAQ:FNWB opened at $10.25 on Monday. The firm has a market cap of $97.38 million, a PE ratio of 93.64 and a beta of 0.62. The firm’s 50 day simple moving average is $10.21 and its 200-day simple moving average is $10.24. First Northwest Bancorp has a one year low of $8.44 and a one year high of $12.52. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.04 and a current ratio of 1.04.

First Northwest Bancorp (NASDAQ:FNWB) last posted its quarterly earnings results on Thursday, October 29th. The financial services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.10). The company had revenue of $16.49 million for the quarter, compared to the consensus estimate of $16.55 million. First Northwest Bancorp had a negative net margin of 0.04% and a positive return on equity of 0.62%. As a group, equities analysts predict that First Northwest Bancorp will post 0.07 EPS for the current year.

Insider Buying and Selling

In other news, Director Dana Behar sold 25,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $11.51, for a total value of $287,750.00. Following the completion of the sale, the director owned 115,219 shares in the company, valued at approximately $1,326,170.69. The trade was a 17.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.14% of the company’s stock.

Hedge Funds Weigh In On First Northwest Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC increased its holdings in First Northwest Bancorp by 14.6% during the first quarter. Renaissance Technologies LLC now owns 338,305 shares of the financial services provider’s stock valued at $2,936,000 after buying an additional 43,200 shares during the period. BlackRock Inc. purchased a new stake in First Northwest Bancorp during the second quarter worth $1,394,000. Pinnacle Holdings LLC purchased a new stake in First Northwest Bancorp during the second quarter worth $863,000. Bank of America Corp DE bought a new stake in First Northwest Bancorp during the 2nd quarter valued at $533,000. Finally, Arcus Capital Partners LLC boosted its position in First Northwest Bancorp by 115.5% during the 1st quarter. Arcus Capital Partners LLC now owns 56,987 shares of the financial services provider’s stock valued at $495,000 after acquiring an additional 30,543 shares in the last quarter. 66.11% of the stock is currently owned by institutional investors.

First Northwest Bancorp Company Profile

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.