First Northwest Bancorp (NASDAQ:FNWB) Stock Gets Price Target Cut from Piper Sandler

First Northwest Bancorp (NASDAQ:FNWB) had its target price trimmed by Piper Sandler from $15.00 to $14.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

FNWB has been the subject of a number of other research reports. Weiss Ratings cut First Northwest Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 3rd. Wall Street Zen lowered First Northwest Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, First Northwest Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

First Northwest Bancorp Stock Performance

Shares of FNWB stock opened at $10.33 on Monday. The stock has a market cap of $98.12 million, a P/E ratio of -1,033.00 and a beta of 0.62. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.04 and a quick ratio of 1.04. The company has a fifty day moving average price of $10.19 and a two-hundred day moving average price of $10.24. First Northwest Bancorp has a one year low of $8.44 and a one year high of $12.52.

First Northwest Bancorp (NASDAQ:FNWB) last released its quarterly earnings data on Thursday, October 29th. The financial services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.10). The firm had revenue of $16.49 million for the quarter, compared to analyst estimates of $16.55 million. First Northwest Bancorp had a positive return on equity of 0.62% and a negative net margin of 0.04%. As a group, equities analysts predict that First Northwest Bancorp will post 0.07 EPS for the current year.

Insider Activity at First Northwest Bancorp

In related news, Director Dana Behar sold 25,000 shares of First Northwest Bancorp stock in a transaction dated 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 sale, the director owned 115,219 shares of the company’s stock, valued at approximately $1,326,170.69. The trade was a 17.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.14% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FNWB. Empowered Funds LLC grew its stake in shares of First Northwest Bancorp by 8.7% in the first quarter. Empowered Funds LLC now owns 22,793 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 1,822 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of First Northwest Bancorp during the 2nd quarter worth approximately $345,000. Bank of America Corp DE acquired a new stake in shares of First Northwest Bancorp during the 2nd quarter worth approximately $533,000. Arcus Capital Partners LLC boosted its position in shares of First Northwest Bancorp by 115.5% during the 1st quarter. Arcus Capital Partners LLC now owns 56,987 shares of the financial services provider’s stock worth $495,000 after acquiring an additional 30,543 shares in the last quarter. Finally, Pinnacle Holdings LLC acquired a new stake in shares of First Northwest Bancorp during the 2nd quarter worth approximately $863,000. 66.11% of the stock is owned by institutional investors and hedge funds.

First Northwest Bancorp Company Profile

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.