First Northwest Bancorp (NASDAQ:FNWB) Upgraded to Buy at StockNews.com

First Northwest Bancorp (NASDAQ:FNWB) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other equities research analysts also recently weighed in on FNWB. Piper Sandler raised their price target on First Northwest Bancorp from $11.50 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, April 29th. Hovde Group assumed coverage on shares of First Northwest Bancorp in a research report on Monday, January 13th. They set an “outperform” rating and a $13.50 price target on the stock.

First Northwest Bancorp Price Performance

NASDAQ:FNWB opened at $9.96 on Friday. First Northwest Bancorp has a 52-week low of $8.91 and a 52-week high of $12.10. The stock has a fifty day moving average of $10.17 and a 200 day moving average of $10.48. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $94.03 million, a price-to-earnings ratio of -28.46 and a beta of 0.83.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.17 EPS for the quarter, topping the consensus estimate of $0.12 by $0.05. First Northwest Bancorp had a negative return on equity of 1.86% and a negative net margin of 2.38%. The company had revenue of $17.94 million during the quarter, compared to analyst estimates of $16.40 million. On average, research analysts expect that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On First Northwest Bancorp

A number of institutional investors have recently bought and sold shares of FNWB. Barclays PLC lifted its position in 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 period. Round Rock Advisors LLC purchased a new position in First Northwest Bancorp during the 1st quarter valued at about $108,000. Citadel Advisors LLC boosted its stake in First Northwest Bancorp by 5.6% during the fourth 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 in the last quarter. FNY Investment Advisers LLC purchased a new stake in First Northwest Bancorp in the fourth quarter worth about $277,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of First Northwest Bancorp by 48.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 15,622 shares in the last quarter. 66.11% of the stock is owned by institutional investors.

About First Northwest Bancorp

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.