First Northwest Bancorp (NASDAQ:FNWB) Releases Earnings Results, Misses Expectations By $0.10 EPS

First Northwest Bancorp (NASDAQ:FNWB) issued its quarterly earnings results on Thursday. The financial services provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10), FiscalAI reports. First Northwest Bancorp had a positive return on equity of 0.62% and a negative net margin of 0.04%. The business had revenue of $16.49 million for the quarter, compared to the consensus estimate of $16.55 million.

First Northwest Bancorp Price Performance

Shares of FNWB stock opened at $10.23 on Friday. The stock has a market cap of $97.19 million, a price-to-earnings ratio of -1,023.00 and a beta of 0.63. The business’s fifty day moving average is $10.24 and its 200 day moving average is $10.23. First Northwest Bancorp has a twelve month low of $8.44 and a twelve month high of $12.52. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.98.

Insider Transactions at First Northwest Bancorp

In other news, Director Dana Behar sold 25,000 shares of First Northwest Bancorp stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $11.51, for a total transaction of $287,750.00. Following the completion of the transaction, the director directly owned 115,219 shares in the company, valued at approximately $1,326,170.69. This trade represents a 17.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FNWB has been the subject of several analyst reports. Wall Street Zen downgraded shares of First Northwest Bancorp from a “hold” rating to a “sell” rating in a report on Saturday. 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 report on Friday, July 31st. Finally, Weiss Ratings cut First Northwest Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $15.00.

About First Northwest Bancorp

First Northwest Bancorp is the bank holding company for First Fed Bank, a community-focused financial institution headquartered in Port Angeles, Washington. First Fed Bank provides banking services to individuals, families, businesses and nonprofit organizations in communities across the Olympic Peninsula and the broader Puget Sound region.

The bank offers deposit products such as checking and savings accounts, certificates of deposit and business accounts. Its lending activities include residential mortgages, home-equity loans, consumer loans and commercial financing for businesses and real estate projects.