First Northwest Bancorp (NASDAQ:FNWB) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

First Northwest Bancorp (NASDAQ:FNWB) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $9.43 and traded as high as $9.88. First Northwest Bancorp shares last traded at $9.77, with a volume of 17,137 shares traded.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of First Northwest Bancorp in a report on Friday, March 27th. Wall Street Zen lowered shares of First Northwest Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, First Northwest Bancorp has an average rating of “Hold” and an average price target of $13.50.

First Northwest Bancorp Price Performance

The stock’s fifty day moving average price is $9.45 and its 200-day moving average price is $9.67. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $91.20 million, a price-to-earnings ratio of 17.45 and a beta of 0.67.

First Northwest Bancorp (NASDAQ:FNWB) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. Equities research analysts predict that First Northwest Bancorp will post 0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FNWB. Fourthstone LLC grew 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 valued at $8,812,000 after purchasing an additional 70,337 shares in the last quarter. Renaissance Technologies LLC grew its position in First Northwest Bancorp by 14.6% during the first 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 in the last quarter. Arcus Capital Partners LLC grew 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 valued at $495,000 after purchasing an additional 30,543 shares in the last quarter. Pinnacle Holdings LLC grew its position in First Northwest Bancorp by 53.2% during the third quarter. Pinnacle Holdings LLC now owns 72,000 shares of the financial services provider’s stock valued at $567,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in First Northwest Bancorp during the fourth quarter valued at approximately $199,000. 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.