First Northwest Bancorp (NASDAQ:FNWB) Shares Cross Above 50 Day Moving Average – Time to Sell?

First Northwest Bancorp (NASDAQ:FNWB)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.54 and traded as high as $10.20. First Northwest Bancorp shares last traded at $9.97, with a volume of 30,890 shares traded.

Analysts Set New Price Targets

A number of brokerages have commented on FNWB. Weiss Ratings upgraded shares of First Northwest Bancorp from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday. Wall Street Zen upgraded shares of First Northwest Bancorp from a “strong sell” rating to a “sell” rating in a report on Saturday. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, First Northwest Bancorp has a consensus rating of “Hold” and a consensus target price of $13.50.

First Northwest Bancorp Price Performance

The company’s 50-day moving average is $9.54 and its 200-day moving average is $9.70. 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 capitalization of $94.72 million, a price-to-earnings ratio of 18.13 and a beta of 0.67.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FNWB. Empowered Funds LLC lifted its position in First Northwest Bancorp by 9.6% during the fourth quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider’s stock valued at $197,000 after buying an additional 1,841 shares in the last quarter. Jane Street Group LLC acquired a new position in First Northwest Bancorp during the fourth quarter valued at approximately $199,000. Bridgeway Capital Management LLC lifted its position in 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 buying an additional 5,441 shares in the last quarter. Arcus Capital Partners LLC lifted 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 buying an additional 30,543 shares in the last quarter. Finally, Pinnacle Holdings LLC lifted 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 buying an additional 25,000 shares in the last quarter. 66.11% of the stock is owned by institutional investors and hedge funds.

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.