First Northwest Bancorp (NASDAQ:FNWB) Issues Earnings Results, Misses Estimates By $0.10 EPS

First Northwest Bancorp (NASDAQ:FNWB) announced its quarterly earnings data on Thursday. The financial services provider reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.10), FiscalAI reports. First Northwest Bancorp had a net margin of 1.32% and a return on equity of 0.96%. The firm had revenue of $16.49 million for the quarter, compared to analyst estimates of $16.55 million.

First Northwest Bancorp Price Performance

First Northwest Bancorp stock opened at $10.31 on Friday. The stock has a 50-day moving average price of $10.26 and a two-hundred day moving average price of $10.23. First Northwest Bancorp has a 12 month low of $8.44 and a 12 month high of $12.52. The company has a market capitalization of $97.93 million, a PE ratio of 64.44 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.

Analysts Set New Price Targets

FNWB has been the subject of several recent analyst reports. Weiss Ratings downgraded First Northwest Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 3rd. Piper Sandler lifted their target price on First Northwest Bancorp from $13.50 to $15.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Wall Street Zen raised First Northwest Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, First Northwest Bancorp currently has an average rating of “Hold” and an average target price of $15.00.

Insider Buying and Selling at First Northwest Bancorp

In other news, Director Dana Behar sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $11.51, for a total value of $287,750.00. Following the completion of the transaction, the director owned 115,219 shares of the company’s stock, valued at $1,326,170.69. This represents a 17.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 4.14% of the company’s stock.

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.