First Northwest Bancorp (NASDAQ:FNWB) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of First Northwest Bancorp (NASDAQ:FNWB) in a report issued on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Other research analysts have also recently issued reports about the company. Hovde Group began coverage on First Northwest Bancorp in a research report on Monday, January 13th. They set an “outperform” rating and a $13.50 price objective for the company. Piper Sandler upped their price target on First Northwest Bancorp from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, February 3rd.

First Northwest Bancorp Stock Performance

NASDAQ:FNWB opened at $10.42 on Tuesday. First Northwest Bancorp has a 52 week low of $8.91 and a 52 week high of $15.75. The company has a fifty day simple moving average of $10.64 and a two-hundred day simple moving average of $10.58. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08. The company has a market cap of $97.51 million, a price-to-earnings ratio of -29.77 and a beta of 0.81.

First Northwest Bancorp (NASDAQ:FNWB) last released its earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.38). First Northwest Bancorp had a negative net margin of 2.38% and a negative return on equity of 1.86%. As a group, equities analysts anticipate that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Northwest Bancorp

A number of hedge funds have recently modified their holdings of the business. Citadel Advisors LLC raised its holdings in shares of First Northwest Bancorp by 5.6% in the fourth quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider’s stock valued at $165,000 after buying an additional 860 shares during the last quarter. Kennedy Capital Management LLC increased its position in First Northwest Bancorp by 43.3% in the 4th quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider’s stock valued at $770,000 after acquiring an additional 22,788 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in First Northwest Bancorp by 48.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider’s stock valued at $489,000 after acquiring an additional 15,622 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in First Northwest Bancorp during the 4th quarter worth approximately $277,000. Finally, Barclays PLC grew its stake in shares of First Northwest Bancorp by 60.5% in the 3rd quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 2,568 shares during the last quarter. 66.11% of the stock is currently owned by hedge funds and other institutional investors.

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.