First Northwest Bancorp (NASDAQ:FNWB) Receives $13.50 Average PT from Analysts

Shares of First Northwest Bancorp (NASDAQ:FNWB) have been assigned a consensus rating of “Hold” from the five research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $13.50.

A number of brokerages have weighed in on FNWB. Zacks Research lowered First Northwest Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. UBS Group upgraded First Northwest Bancorp to a “neutral” rating in a research note on Friday, November 7th. Piper Sandler raised shares of First Northwest Bancorp from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $10.50 to $13.50 in a research report on Friday, November 7th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of First Northwest Bancorp in a research note on Tuesday.

First Northwest Bancorp Stock Performance

Shares of FNWB stock opened at $9.97 on Tuesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.01 and a quick ratio of 1.01. The company’s fifty day moving average price is $8.77 and its two-hundred day moving average price is $8.23. The firm has a market capitalization of $94.32 million, a P/E ratio of 27.69 and a beta of 0.60. First Northwest Bancorp has a 12 month low of $6.05 and a 12 month high of $12.10.

First Northwest Bancorp (NASDAQ:FNWB) last announced its earnings results on Monday, October 27th. The financial services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.09). First Northwest Bancorp had a net margin of 2.67% and a return on equity of 2.10%. The business had revenue of $16.57 million for the quarter, compared to analyst estimates of $17.25 million. On average, research analysts anticipate that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Northwest Bancorp

Institutional investors have recently modified their holdings of the stock. Bensler LLC acquired a new position in First Northwest Bancorp in the second quarter worth about $89,000. Huber Capital Management LLC bought a new stake in shares of First Northwest Bancorp in the 1st quarter valued at approximately $154,000. HoldCo Asset Management LP acquired a new stake in shares of First Northwest Bancorp during the 2nd quarter valued at approximately $460,000. Pinnacle Holdings LLC raised its position in shares of First Northwest Bancorp by 53.2% during the 3rd quarter. Pinnacle Holdings LLC now owns 72,000 shares of the financial services provider’s stock valued at $567,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Kennedy Capital Management LLC lifted its stake in First Northwest Bancorp by 3.1% during the second quarter. Kennedy Capital Management LLC now owns 334,625 shares of the financial services provider’s stock worth $2,577,000 after purchasing an additional 10,026 shares during the last quarter. Institutional investors and hedge funds own 66.11% of the company’s stock.

About First Northwest Bancorp

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.