First Northwest Bancorp (NASDAQ:FNWB) Posts Earnings Results, Misses Estimates By $0.05 EPS

First Northwest Bancorp (NASDAQ:FNWB) posted its quarterly earnings results on Thursday. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05), Zacks reports. First Northwest Bancorp had a net margin of 2.67% and a return on equity of 2.10%.

First Northwest Bancorp Trading Down 0.9%

NASDAQ:FNWB traded down $0.10 during trading hours on Thursday, hitting $10.62. 2,864 shares of the company were exchanged, compared to its average volume of 51,602. The stock has a market capitalization of $100.47 million, a price-to-earnings ratio of 29.50 and a beta of 0.60. First Northwest Bancorp has a one year low of $6.05 and a one year high of $12.10. The company has a fifty day simple moving average of $9.88 and a 200 day simple moving average of $8.66. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.68.

Analysts Set New Price Targets

A number of brokerages have weighed in on FNWB. UBS Group upgraded shares of First Northwest Bancorp to a “neutral” rating in a research report on Friday, November 7th. Wall Street Zen raised First Northwest Bancorp to a “hold” rating in a report on Saturday, January 10th. Zacks Research upgraded First Northwest Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of First Northwest Bancorp in a report on Monday, December 29th. Finally, Piper Sandler raised First Northwest Bancorp from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $10.50 to $13.50 in a research note on Friday, November 7th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.50.

First Northwest Bancorp Company Profile

First Northwest Bancorp is a bank holding company headquartered in Mountlake Terrace, Washington. Through its wholly owned subsidiary, First Northwest Bank, the company delivers a full spectrum of community banking services to individuals, families, and small to mid-sized businesses. Its operations are rooted in local decision-making and personalized client relationships, reflecting a community-oriented banking model.

On the retail side, First Northwest Bank offers a range of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.