First Northwest Bancorp (NASDAQ:FNWB) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of First Northwest Bancorp (NASDAQ:FNWB) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on the stock. Hovde Group started coverage on shares of First Northwest Bancorp in a report on Monday, January 13th. They issued an “outperform” rating and a $13.50 target price on the stock. Piper Sandler raised their price target on First Northwest Bancorp from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd.

First Northwest Bancorp Stock Performance

FNWB stock opened at $9.83 on Thursday. The stock’s 50 day simple moving average is $10.45 and its 200 day simple moving average is $10.53. First Northwest Bancorp has a 12-month low of $8.91 and a 12-month high of $12.10. The firm has a market cap of $92.81 million, a P/E ratio of -28.08 and a beta of 0.81. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.08.

First Northwest Bancorp (NASDAQ:FNWB) last issued its earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.38). First Northwest Bancorp had a negative return on equity of 1.86% and a negative net margin of 2.38%. As a group, equities research analysts predict that First Northwest Bancorp will post 0.5 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of First Northwest Bancorp by 60.5% during the third quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock valued at $72,000 after buying an additional 2,568 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in First Northwest Bancorp by 48.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider’s stock worth $489,000 after buying an additional 15,622 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in First Northwest Bancorp in the 4th quarter valued at approximately $277,000. Kennedy Capital Management LLC raised its stake in First Northwest Bancorp by 43.3% during the 4th quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider’s stock valued at $770,000 after acquiring an additional 22,788 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in First Northwest Bancorp by 5.6% during the 4th quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 860 shares during the period. 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.