First Northwest Bancorp (NASDAQ:FNWB) Rating Lowered to “Sell” at Wall Street Zen

First Northwest Bancorp (NASDAQ:FNWB) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other research firms have also recently issued reports on FNWB. Zacks Research upgraded First Northwest Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings restated a “sell (d-)” rating on shares of First Northwest Bancorp in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, First Northwest Bancorp has a consensus rating of “Hold” and a consensus price target of $13.50.

First Northwest Bancorp Stock Performance

NASDAQ FNWB opened at $10.09 on Friday. The company has a market cap of $95.84 million, a P/E ratio of 14.01 and a beta of 0.58. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.05 and a current ratio of 1.05. The business’s 50 day moving average price is $9.43 and its 200-day moving average price is $9.43. First Northwest Bancorp has a fifty-two week low of $6.05 and a fifty-two week high of $10.98.

First Northwest Bancorp (NASDAQ:FNWB) last released its earnings results on Thursday, January 29th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.05). The company had revenue of $18.38 million for the quarter, compared to the consensus estimate of $17.15 million. First Northwest Bancorp had a net margin of 5.35% and a return on equity of 4.18%. Sell-side analysts predict that First Northwest Bancorp will post 0.5 earnings per share for the current year.

Insider Transactions at First Northwest Bancorp

In other First Northwest Bancorp news, CEO Curt Queyrouze acquired 4,770 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was bought at an average price of $10.41 per share, for a total transaction of $49,655.70. Following the acquisition, the chief executive officer directly owned 54,770 shares in the company, valued at $570,155.70. The trade was a 9.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.47% of the stock is currently owned by insiders.

Hedge Funds Weigh In On First Northwest Bancorp

A number of large investors have recently bought and sold shares of the business. Bensler LLC boosted its holdings in First Northwest Bancorp by 11.0% during the 3rd quarter. Bensler LLC now owns 12,868 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 1,276 shares during the period. Empowered Funds LLC lifted its holdings in shares of First Northwest Bancorp by 9.6% in the 4th quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider’s stock worth $197,000 after buying an additional 1,841 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of First Northwest Bancorp by 13.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider’s stock worth $418,000 after buying an additional 5,441 shares during the period. Pinnacle Holdings LLC lifted its holdings in shares of First Northwest Bancorp by 18.0% in the 4th quarter. Pinnacle Holdings LLC now owns 84,928 shares of the financial services provider’s stock worth $797,000 after buying an additional 12,928 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of First Northwest Bancorp by 5.6% in the 4th quarter. Renaissance Technologies LLC now owns 295,105 shares of the financial services provider’s stock worth $2,768,000 after buying an additional 15,600 shares during the period. Hedge funds and other institutional investors own 66.11% of the company’s stock.

About First Northwest Bancorp

First Northwest Bancorp is a bank holding company headquartered in Mountlake Terrace, Washington. Through its wholly owned subsidiary, First Northwest Bank, the company delivers a full spectrum of community banking services to individuals, families, and small to mid-sized businesses. Its operations are rooted in local decision-making and personalized client relationships, reflecting a community-oriented banking model.

On the retail side, First Northwest Bank offers a range of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.