First Northwest Bancorp (NASDAQ:FNWB) Shares Cross Above 50-Day Moving Average – Here’s Why

First Northwest Bancorp (NASDAQ:FNWB)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $8.13 and traded as high as $9.29. First Northwest Bancorp shares last traded at $9.27, with a volume of 21,850 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FNWB shares. Zacks Research lowered shares of First Northwest Bancorp from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of First Northwest Bancorp in a report on Friday, October 31st. Piper Sandler upgraded First Northwest Bancorp from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $10.50 to $13.50 in a research note on Friday, November 7th. Finally, UBS Group upgraded First Northwest Bancorp to a “neutral” rating in a research report on Friday, November 7th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.50.

First Northwest Bancorp Stock Up 2.2%

The business’s fifty day simple moving average is $8.22 and its two-hundred day simple moving average is $8.21. The company has a market cap of $90.44 million, a PE ratio of 26.56 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 1.01.

First Northwest Bancorp (NASDAQ:FNWB) last posted its earnings results on Monday, October 27th. The financial services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). First Northwest Bancorp had a net margin of 2.67% and a return on equity of 2.10%. The business had revenue of $16.57 million for the quarter, compared to analyst estimates of $17.25 million. On average, analysts predict that First Northwest Bancorp will post 0.5 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Pinnacle Holdings LLC grew its stake in First Northwest Bancorp by 53.2% in the 3rd quarter. Pinnacle Holdings LLC now owns 72,000 shares of the financial services provider’s stock valued at $567,000 after acquiring an additional 25,000 shares during the period. Bensler LLC lifted its holdings in First Northwest Bancorp by 11.0% during the third quarter. Bensler LLC now owns 12,868 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 1,276 shares in the last quarter. HoldCo Asset Management LP acquired a new stake in shares of First Northwest Bancorp in the second quarter valued at about $460,000. Fourthstone LLC grew its position in shares of First Northwest Bancorp by 8.5% in the second quarter. Fourthstone LLC now owns 937,390 shares of the financial services provider’s stock valued at $7,218,000 after purchasing an additional 73,578 shares during the period. Finally, Kennedy Capital Management LLC increased its stake in shares of First Northwest Bancorp by 3.1% during the second quarter. Kennedy Capital Management LLC now owns 334,625 shares of the financial services provider’s stock worth $2,577,000 after purchasing an additional 10,026 shares in the last quarter. 66.11% of the stock is owned by institutional investors and hedge funds.

First Northwest Bancorp Company Profile

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.