First Northwest Bancorp (NASDAQ:FNWB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of First Northwest Bancorp (NASDAQ:FNWB) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other equities research analysts have also commented on the stock. Weiss Ratings raised shares of First Northwest Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 1st. Piper Sandler lifted their target price on shares of First Northwest Bancorp from $13.50 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, First Northwest Bancorp presently has an average rating of “Hold” and an average price target of $15.00.

First Northwest Bancorp Trading Down 1.0%

NASDAQ FNWB opened at $11.40 on Friday. The business’s 50-day moving average price is $11.13 and its two-hundred day moving average price is $10.20. First Northwest Bancorp has a 12 month low of $6.90 and a 12 month high of $12.52. The firm has a market capitalization of $108.30 million, a PE ratio of 71.25 and a beta of 0.63. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.98.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $16.18 million during the quarter, compared to analysts’ expectations of $16.95 million. First Northwest Bancorp had a return on equity of 0.96% and a net margin of 1.32%. On average, analysts expect that First Northwest Bancorp will post 0.06 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Empowered Funds LLC boosted its stake in First Northwest Bancorp by 9.6% during the fourth quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 1,841 shares in the last quarter. Jane Street Group LLC bought a new stake in First Northwest Bancorp in the fourth quarter valued at $199,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in First Northwest Bancorp in the second quarter valued at $345,000. Bridgeway Capital Management LLC raised its holdings in shares of First Northwest Bancorp by 13.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 5,441 shares during the period. Finally, Arcus Capital Partners LLC raised its holdings in shares of First Northwest Bancorp by 115.5% during the first quarter. Arcus Capital Partners LLC now owns 56,987 shares of the financial services provider’s stock valued at $495,000 after purchasing an additional 30,543 shares during the period. Institutional investors and hedge funds own 66.11% of the company’s stock.

About First Northwest Bancorp

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.