First Northwest Bancorp (NASDAQ:FNWB) Releases Earnings Results

First Northwest Bancorp (NASDAQ:FNWB) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02, Zacks reports. The company had revenue of $16.18 million during the quarter, compared to the consensus estimate of $16.95 million. First Northwest Bancorp had a net margin of 4.20% and a return on equity of 3.14%.

First Northwest Bancorp Stock Performance

First Northwest Bancorp stock traded up $0.39 during mid-day trading on Wednesday, reaching $12.18. The company’s stock had a trading volume of 10,771 shares, compared to its average volume of 37,334. The firm’s fifty day moving average price is $10.75 and its two-hundred day moving average price is $10.08. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.06 and a current ratio of 1.06. First Northwest Bancorp has a 12-month low of $6.90 and a 12-month high of $12.52. The company has a market capitalization of $115.72 million, a P/E ratio of 22.15 and a beta of 0.64.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FNWB shares. Wall Street Zen raised shares of First Northwest Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. Weiss Ratings upgraded First Northwest Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $13.50.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its position in shares of First Northwest Bancorp by 9.6% during the fourth quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider’s stock valued at $197,000 after buying an additional 1,841 shares during the period. Pinnacle Holdings LLC increased its holdings in First Northwest Bancorp by 18.0% during the 4th quarter. Pinnacle Holdings LLC now owns 84,928 shares of the financial services provider’s stock worth $797,000 after acquiring an additional 12,928 shares during the period. Renaissance Technologies LLC lifted its stake in First Northwest Bancorp by 5.6% in the 4th quarter. Renaissance Technologies LLC now owns 295,105 shares of the financial services provider’s stock worth $2,768,000 after purchasing an additional 15,600 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of First Northwest Bancorp during the 4th quarter valued at $199,000. Finally, Fourthstone LLC increased its holdings in shares of First Northwest Bancorp by 8.1% in the fourth quarter. Fourthstone LLC now owns 939,429 shares of the financial services provider’s stock worth $8,812,000 after purchasing an additional 70,337 shares during the period. Institutional investors own 66.11% of the company’s stock.

About First Northwest Bancorp

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.