First Northwest Bancorp (NASDAQ:FNWB) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of First Northwest Bancorp (NASDAQ:FNWB – Get Rating) in a research report issued on Sunday. The brokerage set a “buy” rating on the financial services provider’s stock.

Separately, TheStreet downgraded First Northwest Bancorp from a “b-” rating to a “c+” rating in a research report on Wednesday, December 14th.

First Northwest Bancorp Price Performance

Shares of FNWB opened at $11.64 on Friday. First Northwest Bancorp has a 12-month low of $10.77 and a 12-month high of $23.46. The business has a 50-day simple moving average of $14.63 and a two-hundred day simple moving average of $15.12. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.87. The stock has a market cap of $115.82 million, a PE ratio of 6.85 and a beta of 0.70.

First Northwest Bancorp (NASDAQ:FNWB – Get Rating) last announced its earnings results on Thursday, January 26th. The financial services provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.47 by $0.19. The company had revenue of $22.30 million for the quarter, compared to analyst estimates of $21.26 million. First Northwest Bancorp had a return on equity of 9.40% and a net margin of 17.25%. Analysts anticipate that First Northwest Bancorp will post 1.5 earnings per share for the current fiscal year.

Insider Activity at First Northwest Bancorp

In other First Northwest Bancorp news, EVP Terry A. Anderson sold 8,200 shares of First Northwest Bancorp stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $15.06, for a total transaction of $123,492.00. Following the sale, the executive vice president now directly owns 22,048 shares of the company’s stock, valued at approximately $332,042.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other First Northwest Bancorp news, Director Norman J. Jr. Tonina purchased 2,100 shares of the business’s stock in a transaction on Monday, March 13th. The stock was acquired at an average price of $12.19 per share, for a total transaction of $25,599.00. Following the purchase, the director now owns 35,052 shares of the company’s stock, valued at approximately $427,283.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Terry A. Anderson sold 8,200 shares of the stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $15.06, for a total value of $123,492.00. Following the completion of the sale, the executive vice president now owns 22,048 shares of the company’s stock, valued at approximately $332,042.88. The disclosure for this sale can be found here. Insiders have acquired a total of 6,000 shares of company stock worth $78,197 in the last 90 days. Company insiders own 4.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FNWB. Legato Capital Management LLC purchased a new position in shares of First Northwest Bancorp during the fourth quarter worth approximately $162,000. Baird Financial Group Inc. lifted its stake in shares of First Northwest Bancorp by 48.0% during the first quarter. Baird Financial Group Inc. now owns 18,500 shares of the financial services provider’s stock worth $409,000 after buying an additional 6,000 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of First Northwest Bancorp during the third quarter worth $417,000. Captrust Financial Advisors lifted its position in First Northwest Bancorp by 1.9% during the second quarter. Captrust Financial Advisors now owns 48,390 shares of the financial services provider’s stock valued at $755,000 after purchasing an additional 900 shares during the period. Finally, State Street Corp increased its holdings in First Northwest Bancorp by 11.4% in the first quarter. State Street Corp now owns 34,327 shares of the financial services provider’s stock valued at $758,000 after buying an additional 3,501 shares in the last quarter. Institutional investors own 52.83% of the company’s stock.

About First Northwest Bancorp

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First Northwest Bancorp (Washington) is a bank holding company. It engages in the provision of commercial, mortgage, and lending activities and investment. Its offerings include saving account, certificate of deposits, money market, credit card, fixed rate loans, mortgages, mutual funds, insurances and education savings account.