First Northwest Bancorp (NASDAQ:FNWB) Upgraded at Zacks Research

First Northwest Bancorp (NASDAQ:FNWB) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other research analysts have also issued reports on FNWB. Piper Sandler upgraded First Northwest Bancorp from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $10.50 to $13.50 in a research report on Friday, November 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of First Northwest Bancorp in a research report on Monday. Finally, UBS Group raised shares of First Northwest Bancorp to a “neutral” rating in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.50.

First Northwest Bancorp Stock Performance

First Northwest Bancorp stock opened at $9.42 on Monday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.01 and a quick ratio of 1.01. First Northwest Bancorp has a 12 month low of $6.05 and a 12 month high of $12.10. The company has a fifty day moving average price of $9.48 and a two-hundred day moving average price of $8.35. The company has a market cap of $89.11 million, a PE ratio of 26.17 and a beta of 0.60.

First Northwest Bancorp (NASDAQ:FNWB) last issued its earnings results on Monday, October 27th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The business had revenue of $16.57 million during 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%. Research analysts expect that First Northwest Bancorp will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On First Northwest Bancorp

A number of institutional investors have recently bought and sold shares of FNWB. Fourthstone LLC grew its holdings in shares of First Northwest Bancorp by 8.5% during the 2nd 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 in the last quarter. Kennedy Capital Management LLC boosted its holdings in First Northwest Bancorp by 3.1% in 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 in the last quarter. Pinnacle Holdings LLC increased its position in First Northwest Bancorp by 53.2% during the third quarter. Pinnacle Holdings LLC now owns 72,000 shares of the financial services provider’s stock worth $567,000 after buying an additional 25,000 shares during the last quarter. HoldCo Asset Management LP acquired a new stake in shares of First Northwest Bancorp in the second quarter worth about $460,000. Finally, Bensler LLC raised its stake in shares of First Northwest Bancorp by 11.0% in the 3rd quarter. Bensler LLC now owns 12,868 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 1,276 shares in the last quarter. 66.11% of the stock is currently owned by institutional investors and hedge funds.

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.