First Northwest Bancorp (NASDAQ:FNWB) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) in a note issued to investors on Wednesday. The firm set a "hold" rating on the financial services provider's stock.

Several other equities analysts have also recently commented on the stock. Hovde Group initiated coverage on shares of First Northwest Bancorp in a research note on Monday, January 13th. They set an "outperform" rating and a $13.50 target price on the stock. Piper Sandler boosted their target price on shares of First Northwest Bancorp from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd.

First Northwest Bancorp Price Performance

Shares of NASDAQ FNWB traded down $0.32 during trading on Wednesday, hitting $9.72. 18,250 shares of the company were exchanged, compared to its average volume of 21,358. The company has a market cap of $91.77 million, a price-to-earnings ratio of -27.77 and a beta of 0.81. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 1.04. First Northwest Bancorp has a 1 year low of $8.91 and a 1 year high of $12.10. The firm's fifty day moving average price is $10.54 and its 200 day moving average price is $10.55.

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First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) EPS for the quarter, missing the consensus estimate 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%. On average, sell-side analysts expect that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Northwest Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of FNWB. Barclays PLC raised its holdings in First Northwest Bancorp by 60.5% during the 3rd quarter. Barclays PLC now owns 6,815 shares of the financial services provider's stock worth $72,000 after purchasing an additional 2,568 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in First Northwest Bancorp in the 4th quarter valued at approximately $277,000. Arrowstreet Capital Limited Partnership grew its position in shares of 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 purchasing an additional 15,622 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in shares of 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 worth $770,000 after buying an additional 22,788 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of First Northwest Bancorp by 5.6% during the fourth quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider's stock worth $165,000 after acquiring an additional 860 shares in the last quarter. Institutional investors own 66.11% of the company's stock.

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.