First Northwest Bancorp (NASDAQ:FNWB) Stock Rating Upgraded by Wall Street Zen

First Northwest Bancorp (NASDAQ:FNWB) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a report released on Saturday.

Separately, Piper Sandler raised their price target on First Northwest Bancorp from $11.50 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, April 29th.

First Northwest Bancorp Stock Performance

NASDAQ FNWB opened at $8.02 on Friday. The firm has a market capitalization of $75.71 million, a P/E ratio of -22.91 and a beta of 0.72. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.08. The firm’s fifty day moving average price is $9.50 and its two-hundred day moving average price is $10.20. First Northwest Bancorp has a 1 year low of $8.02 and a 1 year high of $12.10.

First Northwest Bancorp (NASDAQ:FNWB) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. First Northwest Bancorp had a negative return on equity of 1.86% and a negative net margin of 2.38%. The business had revenue of $17.94 million during the quarter, compared to analysts’ expectations of $16.40 million. As a group, research analysts anticipate that First Northwest Bancorp will post 0.5 EPS for the current year.

Institutional Investors Weigh In On First Northwest Bancorp

Large investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management LLC raised its position in shares of First Northwest Bancorp by 43.3% in the 4th quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider’s stock valued at $770,000 after buying an additional 22,788 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in First Northwest Bancorp by 48.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider’s stock worth $489,000 after acquiring an additional 15,622 shares in the last quarter. Huber Capital Management LLC acquired a new position in First Northwest Bancorp during the 1st quarter worth approximately $154,000. Round Rock Advisors LLC bought a new stake in shares of First Northwest Bancorp during the first quarter worth $108,000. Finally, Citadel Advisors LLC boosted its holdings in shares of First Northwest Bancorp by 5.6% during the 4th quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 860 shares in the last quarter. Institutional investors and hedge funds own 66.11% of the company’s stock.

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. The company accepts various deposit instruments, including checking, money market deposit, savings, and transaction accounts, as well as certificates of deposit.