StockNews.com Initiates Coverage on First Northwest Bancorp (NASDAQ:FNWB)

StockNews.com initiated coverage on shares of First Northwest Bancorp (NASDAQ:FNWB - Free Report) in a research note released on Thursday. The firm issued a hold rating on the financial services provider's stock.

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

First Northwest Bancorp Trading Up 1.3 %

Shares of FNWB stock traded up $0.13 during mid-day trading on Thursday, reaching $9.83. 5,603 shares of the stock traded hands, compared to its average volume of 21,340. The stock's fifty day simple moving average is $10.43 and its two-hundred day simple moving average is $10.53. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08. First Northwest Bancorp has a 1-year low of $8.91 and a 1-year high of $12.10. The company has a market cap of $92.81 million, a price-to-earnings ratio of -28.08 and a beta of 0.81.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last announced its quarterly earnings data 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 return on equity of 1.86% and a negative net margin of 2.38%. On average, research analysts anticipate that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

First Northwest Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Friday, February 14th. First Northwest Bancorp's payout ratio is -80.00%.

Institutional Trading of First Northwest Bancorp

A number of hedge funds have recently added to or reduced their stakes in FNWB. Barclays PLC raised its holdings 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 in the last quarter. Citadel Advisors LLC boosted its position in First Northwest Bancorp by 5.6% during the 4th quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider's stock valued at $165,000 after acquiring an additional 860 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of First Northwest Bancorp in the 4th quarter valued at $277,000. Arrowstreet Capital Limited Partnership raised its position in shares of First Northwest Bancorp by 48.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider's stock worth $489,000 after acquiring an additional 15,622 shares in the last quarter. Finally, Kennedy Capital Management LLC boosted its position in First Northwest Bancorp by 43.3% during the fourth quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider's stock valued at $770,000 after purchasing an additional 22,788 shares in the last quarter. 66.11% of the stock is owned by hedge funds and other institutional investors.

First Northwest Bancorp Company Profile

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.