Brokerages Set First Northwest Bancorp (NASDAQ:FNWB) PT at $13.50

Shares of First Northwest Bancorp (NASDAQ:FNWB) have been given a consensus rating of “Hold” by the five analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $13.50.

Several analysts have commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of First Northwest Bancorp in a report on Monday, December 22nd. Zacks Research lowered First Northwest Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. UBS Group upgraded shares of First Northwest Bancorp to a “neutral” rating in a research note on Friday, November 7th. Finally, Piper Sandler raised shares of First Northwest Bancorp from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $10.50 to $13.50 in a research report on Friday, November 7th.

Hedge Funds Weigh In On First Northwest Bancorp

A number of hedge funds have recently bought and sold shares of the business. Bensler LLC bought a new position in First Northwest Bancorp during the 2nd quarter worth $89,000. HoldCo Asset Management LP bought a new stake in shares of First Northwest Bancorp during the second quarter worth $460,000. Pinnacle Holdings LLC increased its holdings in First Northwest Bancorp by 53.2% in the 3rd quarter. Pinnacle Holdings LLC now owns 72,000 shares of the financial services provider’s stock worth $567,000 after purchasing an additional 25,000 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in First Northwest Bancorp by 3.1% in the 2nd quarter. Kennedy Capital Management LLC now owns 334,625 shares of the financial services provider’s stock valued at $2,577,000 after buying an additional 10,026 shares during the last quarter. Finally, Fourthstone LLC raised its stake in shares of First Northwest Bancorp by 8.5% during the second quarter. Fourthstone LLC now owns 937,390 shares of the financial services provider’s stock valued at $7,218,000 after acquiring an additional 73,578 shares during the last quarter. 66.11% of the stock is owned by institutional investors.

First Northwest Bancorp Price Performance

First Northwest Bancorp stock opened at $9.50 on Friday. First Northwest Bancorp has a 1 year low of $6.05 and a 1 year high of $12.10. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $89.87 million, a P/E ratio of 26.39 and a beta of 0.60. The business has a 50-day moving average of $9.45 and a 200-day moving average of $8.34.

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

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.