First Northwest Bancorp (NASDAQ:FNWB) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of First Northwest Bancorp (NASDAQ:FNWB) from a sell rating to a hold rating in a research report released on Saturday morning.

Other analysts have also recently issued research reports about the stock. Weiss Ratings upgraded shares of First Northwest Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 1st. Piper Sandler boosted their price objective on shares of First Northwest Bancorp from $13.50 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.00.

First Northwest Bancorp Trading Up 1.3%

NASDAQ FNWB opened at $11.51 on Friday. The company has a market cap of $109.34 million, a PE ratio of 71.94 and a beta of 0.63. The company has a current ratio of 1.04, a quick ratio of 1.06 and a debt-to-equity ratio of 1.98. First Northwest Bancorp has a 12 month low of $6.90 and a 12 month high of $12.52. The stock has a 50 day moving average of $11.11 and a 200-day moving average of $10.19.

First Northwest Bancorp (NASDAQ:FNWB) last released its earnings results on Wednesday, July 29th. The financial services provider reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The business had revenue of $16.18 million during the quarter, compared to analysts’ expectations of $16.95 million. First Northwest Bancorp had a net margin of 1.32% and a return on equity of 0.96%. On average, equities research analysts anticipate that First Northwest Bancorp will post 0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FNWB. Fourthstone LLC raised its stake in First Northwest Bancorp by 8.1% in the 4th quarter. Fourthstone LLC now owns 939,429 shares of the financial services provider’s stock valued at $8,812,000 after acquiring an additional 70,337 shares during the period. Renaissance Technologies LLC lifted its holdings in 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 valued at $2,936,000 after purchasing an additional 43,200 shares during the last quarter. BlackRock Inc. bought a new position in First Northwest Bancorp during the second quarter worth $1,394,000. Pinnacle Holdings LLC boosted its position in First Northwest Bancorp by 18.0% during the fourth quarter. Pinnacle Holdings LLC now owns 84,928 shares of the financial services provider’s stock worth $797,000 after purchasing an additional 12,928 shares during the period. Finally, Arcus Capital Partners LLC boosted its position in First Northwest Bancorp by 115.5% during the first quarter. Arcus Capital Partners LLC now owns 56,987 shares of the financial services provider’s stock worth $495,000 after purchasing an additional 30,543 shares during the period. 66.11% of the stock is owned by institutional investors and hedge funds.

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.