First Northwest Bancorp (NASDAQ:FNWB) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of First Northwest Bancorp (NASDAQ:FNWB) from a sell rating to a hold rating in a research report released on Sunday.

A number of other equities research analysts also recently commented on FNWB. Weiss Ratings restated a “sell (d-)” rating on shares of First Northwest Bancorp in a research report on Monday, December 29th. Zacks Research upgraded First Northwest Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $13.50.

First Northwest Bancorp Stock Performance

Shares of FNWB opened at $8.70 on Friday. The stock has a market capitalization of $82.22 million, a P/E ratio of 12.08 and a beta of 0.57. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.05 and a current ratio of 1.05. First Northwest Bancorp has a 1 year low of $6.05 and a 1 year high of $10.98. The company’s fifty day moving average is $9.74 and its two-hundred day moving average is $9.21.

First Northwest Bancorp (NASDAQ:FNWB) last released its earnings results on Thursday, January 29th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.05). First Northwest Bancorp had a return on equity of 4.18% and a net margin of 5.35%.The firm had revenue of $18.38 million during the quarter, compared to analyst estimates of $17.15 million. On average, sell-side analysts predict that First Northwest Bancorp will post 0.5 earnings per share for the current year.

Insider Buying and Selling at First Northwest Bancorp

In related news, CEO Curt Queyrouze purchased 4,770 shares of the stock in a transaction dated Friday, February 6th. The shares were acquired at an average cost of $10.41 per share, with a total value of $49,655.70. Following the purchase, the chief executive officer directly owned 54,770 shares in the company, valued at $570,155.70. This trade represents a 9.54% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.47% of the stock is currently owned by company insiders.

Institutional Trading of First Northwest Bancorp

A number of institutional investors have recently added to or reduced their stakes in the stock. Fourthstone LLC grew its position in First Northwest Bancorp by 8.1% during the fourth quarter. Fourthstone LLC now owns 939,429 shares of the financial services provider’s stock worth $8,812,000 after buying an additional 70,337 shares during the period. Kennedy Capital Management LLC lifted its position in shares of First Northwest Bancorp by 3.1% during the 2nd quarter. Kennedy Capital Management LLC now owns 334,625 shares of the financial services provider’s stock valued at $2,577,000 after acquiring an additional 10,026 shares during the period. Renaissance Technologies LLC boosted its stake in shares of First Northwest Bancorp by 5.6% during the 4th quarter. Renaissance Technologies LLC now owns 295,105 shares of the financial services provider’s stock worth $2,768,000 after acquiring an additional 15,600 shares in the last quarter. Pinnacle Holdings LLC boosted its stake in shares of First Northwest Bancorp by 18.0% during the 4th quarter. Pinnacle Holdings LLC now owns 84,928 shares of the financial services provider’s stock worth $797,000 after acquiring an additional 12,928 shares in the last quarter. Finally, HoldCo Asset Management LP acquired a new stake in shares of First Northwest Bancorp in the 2nd quarter worth approximately $460,000. Hedge funds and other institutional investors 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.