Piper Sandler Issues Positive Forecast for First Northwest Bancorp (NASDAQ:FNWB) Stock Price

First Northwest Bancorp (NASDAQ:FNWB) had its price objective hoisted by Piper Sandler from $11.50 to $12.00 in a report released on Tuesday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the financial services provider’s stock.

Several other equities analysts have also weighed in on FNWB. StockNews.com began coverage on shares of First Northwest Bancorp in a research report on Thursday, April 17th. They set a “hold” rating for the company. Hovde Group initiated coverage on shares of First Northwest Bancorp in a report on Monday, January 13th. They set an “outperform” rating and a $13.50 target price for the company.

First Northwest Bancorp Price Performance

Shares of NASDAQ:FNWB opened at $10.23 on Tuesday. The stock’s 50 day moving average price is $10.26 and its 200 day moving average price is $10.53. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $96.58 million, a price-to-earnings ratio of -29.23 and a beta of 0.81. First Northwest Bancorp has a 12 month low of $8.86 and a 12 month high of $12.10.

First Northwest Bancorp (NASDAQ:FNWB) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. First Northwest Bancorp had a negative return on equity of 1.86% and a negative net margin of 2.38%. The company had revenue of $17.94 million for the quarter, compared to the consensus estimate of $16.40 million. Equities research analysts anticipate that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

First Northwest Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.74%. First Northwest Bancorp’s dividend payout ratio (DPR) is -127.27%.

Institutional Trading of First Northwest Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC increased its position in shares of First Northwest Bancorp by 60.5% in the third quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 2,568 shares in the last quarter. Citadel Advisors LLC boosted its stake in First Northwest Bancorp by 5.6% in the 4th quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 860 shares during the period. FNY Investment Advisers LLC purchased a new position in First Northwest Bancorp during the 4th quarter worth approximately $277,000. Arrowstreet Capital Limited Partnership grew its position in First Northwest Bancorp by 48.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider’s stock worth $489,000 after purchasing an additional 15,622 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its stake in First Northwest Bancorp by 43.3% during the 4th quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider’s stock valued at $770,000 after purchasing an additional 22,788 shares during the period. Institutional investors and hedge funds own 66.11% of the company’s stock.

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.