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

StockNews.com started coverage on shares of First Northwest Bancorp (NASDAQ:FNWB - Free Report) in a report released on Tuesday morning. The brokerage issued a hold rating on the financial services provider's stock.

FNWB has been the subject of a number of other research reports. Piper Sandler increased their price objective on 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 started 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 for the company.

First Northwest Bancorp Trading Up 3.5 %

Shares of FNWB traded up $0.36 during trading hours on Tuesday, reaching $10.74. 24,465 shares of the company traded hands, compared to its average volume of 21,153. First Northwest Bancorp has a 12 month low of $8.91 and a 12 month high of $15.35. 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's fifty day moving average price is $10.63 and its two-hundred day moving average price is $10.58. The company has a market capitalization of $100.50 million, a price-to-earnings ratio of -30.68 and a beta of 0.81.

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First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share 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%. Equities research analysts predict that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

First Northwest Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.07 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.28 annualized dividend and a dividend yield of 2.61%. First Northwest Bancorp's payout ratio is currently -80.00%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FNWB. Citadel Advisors LLC increased its holdings 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 in the last quarter. Barclays PLC increased its stake 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 valued at $72,000 after purchasing an additional 2,568 shares in the last quarter. Arrowstreet Capital Limited Partnership increased 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 purchasing an additional 15,622 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in First Northwest Bancorp by 43.3% in the fourth 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, FNY Investment Advisers LLC bought a new position in shares of First Northwest Bancorp in the fourth quarter worth approximately $277,000. Hedge funds and other institutional investors own 66.11% of the company's stock.

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.