First Northwest Bancorp (NASDAQ:FNWB) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

First Northwest Bancorp (NASDAQ:FNWB)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.63 and traded as low as $10.50. First Northwest Bancorp shares last traded at $10.71, with a volume of 7,762 shares.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FNWB shares. Piper Sandler reduced their target price on shares of First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. 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 price objective for the company.

First Northwest Bancorp Stock Down 0.7 %

The stock has a market capitalization of $99.60 million, a price-to-earnings ratio of -16.37 and a beta of 0.94. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 1.04. The business has a fifty day moving average of $10.63 and a 200 day moving average of $10.51.

First Northwest Bancorp (NASDAQ:FNWB) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.33). The business had revenue of $29.99 million during the quarter, compared to analyst estimates of $17.20 million. First Northwest Bancorp had a negative net margin of 4.79% and a negative return on equity of 0.18%. As a group, equities analysts predict that First Northwest Bancorp will post -0.8 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its holdings in shares of First Northwest Bancorp by 60.5% in the 3rd 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. FNY Investment Advisers LLC purchased a new stake in First Northwest Bancorp during the fourth quarter worth about $277,000. Jacobs Levy Equity Management Inc. purchased a new stake in First Northwest Bancorp during the third quarter worth about $350,000. Pure Portfolios Holdings LLC acquired a new stake in shares of First Northwest Bancorp during the third quarter worth about $353,000. Finally, Fourthstone LLC boosted its stake in shares of First Northwest Bancorp by 0.3% in the third quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock valued at $10,077,000 after purchasing an additional 3,239 shares during the period. Hedge funds and other institutional investors own 66.11% of the company’s stock.

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.