First Northwest Bancorp (NASDAQ:FNWB) Announces Quarterly Earnings Results

First Northwest Bancorp (NASDAQ:FNWB) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02, Zacks reports. The firm had revenue of $16.18 million during the quarter, compared to the consensus estimate of $16.95 million. First Northwest Bancorp had a net margin of 4.20% and a return on equity of 3.14%.

First Northwest Bancorp Price Performance

First Northwest Bancorp stock traded up $0.39 during midday trading on Wednesday, hitting $12.18. 11,888 shares of the company’s stock were exchanged, compared to its average volume of 37,356. The company has a market cap of $115.71 million, a P/E ratio of 22.15 and a beta of 0.64. 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 stock has a 50-day moving average price of $10.75 and a two-hundred day moving average price of $10.08. First Northwest Bancorp has a 52-week low of $6.90 and a 52-week high of $12.52.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FNWB shares. Wall Street Zen raised shares of First Northwest Bancorp from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. Weiss Ratings upgraded shares of First Northwest Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, First Northwest Bancorp has a consensus rating of “Hold” and a consensus price target of $13.50.

Hedge Funds Weigh In On First Northwest Bancorp

A number of large investors have recently modified their holdings of the company. Empowered Funds LLC boosted its holdings in First Northwest Bancorp by 9.6% during the 4th quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider’s stock valued at $197,000 after acquiring an additional 1,841 shares during the period. Bridgeway Capital Management LLC boosted its stake in shares of First Northwest Bancorp by 13.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 5,441 shares during the period. Fourthstone LLC grew its holdings in shares of First Northwest Bancorp by 8.1% in 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 during the last quarter. Jane Street Group LLC bought a new stake in First Northwest Bancorp during the 4th quarter valued at $199,000. Finally, Renaissance Technologies LLC raised its holdings in First Northwest Bancorp by 5.6% during the 4th quarter. Renaissance Technologies LLC now owns 295,105 shares of the financial services provider’s stock valued at $2,768,000 after buying an additional 15,600 shares during the last quarter. 66.11% of the stock is owned by hedge funds and other institutional investors.

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.