First Northwest Bancorp (NASDAQ:FNWB) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

First Northwest Bancorp (NASDAQ:FNWB) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.92 and traded as high as $10.67. First Northwest Bancorp shares last traded at $10.35, with a volume of 25,027 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FNWB shares. Weiss Ratings downgraded First Northwest Bancorp from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. Wall Street Zen raised First Northwest Bancorp from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $13.50.

First Northwest Bancorp Stock Performance

The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s 50 day moving average is $9.95 and its 200-day moving average is $9.79. The stock has a market capitalization of $95.28 million, a price-to-earnings ratio of 18.24 and a beta of 0.66.

First Northwest Bancorp (NASDAQ:FNWB) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.00 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.03). First Northwest Bancorp had a net margin of 4.20% and a return on equity of 3.14%. The firm had revenue of $16.45 million for the quarter, compared to analyst estimates of $16.80 million. Analysts forecast that First Northwest Bancorp will post 0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Northwest Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Fourthstone LLC boosted its position in First Northwest Bancorp by 8.1% during the fourth quarter. Fourthstone LLC now owns 939,429 shares of the financial services provider’s stock worth $8,812,000 after purchasing an additional 70,337 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of First Northwest Bancorp by 14.6% during the 1st quarter. Renaissance Technologies LLC now owns 338,305 shares of the financial services provider’s stock worth $2,936,000 after buying an additional 43,200 shares during the period. Arcus Capital Partners LLC raised its stake in shares of First Northwest Bancorp by 115.5% during the 1st quarter. Arcus Capital Partners LLC now owns 56,987 shares of the financial services provider’s stock worth $495,000 after buying an additional 30,543 shares during the period. Pinnacle Holdings LLC lifted its position in shares of First Northwest Bancorp by 53.2% during the 3rd quarter. Pinnacle Holdings LLC now owns 72,000 shares of the financial services provider’s stock valued at $567,000 after buying an additional 25,000 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of First Northwest Bancorp during the 4th quarter valued at approximately $199,000. Hedge funds and other institutional investors own 66.11% of the company’s stock.

First Northwest Bancorp Company Profile

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.