First Northwest Bancorp (NASDAQ:FNWB) Stock Rating Upgraded by Wall Street Zen

First Northwest Bancorp (NASDAQ:FNWB) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

FNWB has been the subject of several other reports. Piper Sandler upgraded First Northwest Bancorp from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $10.50 to $13.50 in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of First Northwest Bancorp in a research note on Monday, December 29th. UBS Group upgraded shares of First Northwest Bancorp to a “neutral” rating in a report on Friday, November 7th. Finally, Zacks Research raised shares of First Northwest Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Two analysts have 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 stock currently has an average rating of “Hold” and a consensus price target of $13.50.

First Northwest Bancorp Price Performance

First Northwest Bancorp stock opened at $9.80 on Friday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $92.73 million, a price-to-earnings ratio of 27.22 and a beta of 0.60. The firm has a 50-day moving average of $9.59 and a two-hundred day moving average of $8.45. First Northwest Bancorp has a 1 year low of $6.05 and a 1 year high of $12.10.

First Northwest Bancorp (NASDAQ:FNWB) last issued its earnings results on Monday, October 27th. The financial services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The company had revenue of $16.57 million for the quarter, compared to analysts’ expectations of $17.25 million. First Northwest Bancorp had a return on equity of 2.10% and a net margin of 2.67%. On average, research analysts forecast that First Northwest Bancorp will post 0.5 earnings per share for the current year.

Institutional Trading of First Northwest Bancorp

A number of institutional investors have recently modified their holdings of FNWB. Pinnacle Holdings LLC raised its stake 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 worth $567,000 after acquiring an additional 25,000 shares in the last quarter. Bensler LLC grew its holdings in First Northwest Bancorp by 11.0% in the third quarter. Bensler LLC now owns 12,868 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 1,276 shares during the last quarter. HoldCo Asset Management LP acquired a new position in shares of First Northwest Bancorp during the second quarter worth $460,000. Fourthstone LLC increased its position in shares of First Northwest Bancorp by 8.5% during the second quarter. Fourthstone LLC now owns 937,390 shares of the financial services provider’s stock worth $7,218,000 after purchasing an additional 73,578 shares in the last quarter. Finally, Kennedy Capital Management LLC lifted its holdings in shares of First Northwest Bancorp by 3.1% during the 2nd quarter. Kennedy Capital Management LLC now owns 334,625 shares of the financial services provider’s stock valued at $2,577,000 after purchasing an additional 10,026 shares during the last quarter. 66.11% of the stock is currently owned by institutional investors.

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.