StockNews.com began coverage on shares of First Northwest Bancorp (NASDAQ:FNWB – Get Rating) in a research note issued to investors on Saturday. The firm issued a buy rating on the financial services provider’s stock.
Separately, TheStreet lowered First Northwest Bancorp from a b- rating to a c+ rating in a research report on Wednesday, December 14th.
First Northwest Bancorp Trading Down 1.1 %
NASDAQ FNWB opened at $15.33 on Friday. The company has a market cap of $152.53 million, a P/E ratio of 9.58 and a beta of 0.72. First Northwest Bancorp has a 12 month low of $14.22 and a 12 month high of $23.77. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.99 and a quick ratio of 0.99. The company has a 50-day moving average of $14.98 and a 200-day moving average of $15.69.
First Northwest Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, November 25th. Investors of record on Thursday, November 10th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $0.28 annualized dividend and a yield of 1.83%. First Northwest Bancorp’s payout ratio is 17.50%.
Institutional Investors Weigh In On First Northwest Bancorp
Institutional investors have recently bought and sold shares of the business. Baird Financial Group Inc. raised its stake in shares of First Northwest Bancorp by 48.0% in the 1st quarter. Baird Financial Group Inc. now owns 18,500 shares of the financial services provider’s stock valued at $409,000 after acquiring an additional 6,000 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in First Northwest Bancorp in the third quarter valued at about $417,000. Captrust Financial Advisors lifted its stake in shares of First Northwest Bancorp by 1.9% during the second quarter. Captrust Financial Advisors now owns 48,390 shares of the financial services provider’s stock worth $755,000 after purchasing an additional 900 shares in the last quarter. State Street Corp boosted its position in shares of First Northwest Bancorp by 11.4% in the first quarter. State Street Corp now owns 34,327 shares of the financial services provider’s stock worth $758,000 after buying an additional 3,501 shares during the period. Finally, Petiole USA ltd grew its stake in shares of First Northwest Bancorp by 27.7% in the second quarter. Petiole USA ltd now owns 110,874 shares of the financial services provider’s stock valued at $1,730,000 after buying an additional 24,026 shares in the last quarter. 52.83% of the stock is currently owned by hedge funds and other institutional investors.
First Northwest Bancorp Company Profile
First Northwest Bancorp operates as a bank holding company for First Fed Bank that provides commercial and consumer banking services to individuals, businesses, and nonprofit organizations in western Washington, the United States. It accepts various deposit instruments, including checking, money market deposit, savings, and transaction accounts, as well as certificates of deposit.
- Get a free copy of the StockNews.com research report on First Northwest Bancorp (FNWB)
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