First Northwest Bancorp (NASDAQ:FNWB) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

First Northwest Bancorp (NASDAQ:FNWB) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.60 and traded as low as $10.14. First Northwest Bancorp shares last traded at $10.20, with a volume of 7,829 shares.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Hovde Group began coverage on shares of First Northwest Bancorp in a research report on Monday, January 13th. They issued an “outperform” rating and a $13.50 price objective on the stock. Piper Sandler lifted 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. Finally, StockNews.com started coverage on First Northwest Bancorp in a research report on Thursday, March 20th. They set a “hold” rating for the company.

First Northwest Bancorp Stock Down 2.5 %

The firm’s 50-day moving average price is $10.67 and its two-hundred day moving average price is $10.59. 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 cap of $93.11 million, a PE ratio of -28.43 and a beta of 0.99.

First Northwest Bancorp (NASDAQ:FNWB) last announced its quarterly 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 net margin of 2.38% and a negative return on equity of 1.86%. As a group, equities research analysts expect that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

First Northwest Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.81%. First Northwest Bancorp’s dividend payout ratio (DPR) is presently -80.00%.

Institutional Investors Weigh In On First Northwest Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its position 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 worth $72,000 after acquiring an additional 2,568 shares during the last quarter. Citadel Advisors LLC increased its stake in First Northwest Bancorp by 5.6% in the fourth 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 during the period. FNY Investment Advisers LLC purchased a new stake in shares of First Northwest Bancorp in the fourth quarter valued at about $277,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of First Northwest Bancorp during the third quarter worth about $350,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings 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 worth $489,000 after buying an additional 15,622 shares during the last quarter. 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.