First Northwest Bancorp (NASDAQ:FNWB) Coverage Initiated by Analysts at StockNews.com

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

A number of other equities research analysts have also recently issued reports on the company. Piper Sandler raised their target price on First Northwest Bancorp from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Hovde Group began coverage on shares of First Northwest Bancorp in a research note on Monday, January 13th. They issued an "outperform" rating and a $13.50 price target on the stock.

First Northwest Bancorp Stock Performance

FNWB stock traded down $0.06 during trading on Thursday, hitting $10.25. 5,350 shares of the company's stock traded hands, compared to its average volume of 21,035. The stock has a fifty day moving average price of $10.72 and a two-hundred day moving average price of $10.63. 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 52 week low of $8.91 and a 52 week high of $15.90. The stock has a market capitalization of $95.92 million, a price-to-earnings ratio of -29.28 and a beta of 0.99.

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First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last issued 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 return on equity of 1.86% and a negative net margin of 2.38%. As a group, equities analysts anticipate that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

First Northwest Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.07 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.28 dividend on an annualized basis and a yield of 2.73%. First Northwest Bancorp's dividend payout ratio is presently -80.00%.

Institutional Trading of First Northwest Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC increased 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 valued at $165,000 after acquiring an additional 860 shares during the period. Kennedy Capital Management LLC increased its position in shares of First Northwest Bancorp by 43.3% during the 4th 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 during the period. Arrowstreet Capital Limited Partnership increased 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 during the period. FNY Investment Advisers LLC bought a new stake in shares of First Northwest Bancorp in the 4th quarter worth $277,000. Finally, Barclays PLC lifted its holdings in shares of First Northwest Bancorp by 60.5% in the third quarter. Barclays PLC now owns 6,815 shares of the financial services provider's stock valued at $72,000 after buying an additional 2,568 shares during the period. 66.11% of the stock is currently owned by 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.