First Northwest Bancorp (NASDAQ:FNWB) Now Covered by StockNews.com

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

FNWB has been the subject of a number of other reports. Piper Sandler boosted their price objective on First Northwest Bancorp from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Hovde Group assumed coverage on shares of First Northwest Bancorp in a research note on Monday, January 13th. They issued an “outperform” rating and a $13.50 price target on the stock.

First Northwest Bancorp Stock Performance

Shares of NASDAQ FNWB opened at $9.96 on Wednesday. First Northwest Bancorp has a 1 year low of $8.91 and a 1 year high of $15.29. 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 company’s fifty day moving average price is $10.60 and its 200 day moving average price is $10.57. The company has a market capitalization of $94.03 million, a PE ratio of -28.46 and a beta of 0.81.

First Northwest Bancorp (NASDAQ:FNWB) last posted its earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, research analysts predict that First Northwest Bancorp will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On First Northwest Bancorp

Several large investors have recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of First Northwest Bancorp by 60.5% in the third quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 2,568 shares during the last quarter. Citadel Advisors LLC lifted its holdings in First Northwest Bancorp by 5.6% in the 4th quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 860 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in First Northwest Bancorp during the 4th quarter worth $277,000. Arrowstreet Capital Limited Partnership boosted its stake in First Northwest Bancorp by 48.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider’s stock worth $489,000 after purchasing an additional 15,622 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its holdings in shares of First Northwest Bancorp by 43.3% during the fourth quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider’s stock worth $770,000 after buying an additional 22,788 shares in the last quarter. 66.11% of the stock is currently owned by hedge funds and other institutional investors.

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.