First Northwest Bancorp (NASDAQ:FNWB) Stock Price Crosses Below Fifty Day Moving Average - Time to Sell?

Shares of First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.63 and traded as low as $10.50. First Northwest Bancorp shares last traded at $10.71, with a volume of 7,762 shares.

Wall Street Analysts Forecast Growth

FNWB has been the subject of several research analyst reports. Hovde Group assumed coverage on shares of First Northwest Bancorp in a report on Monday, January 13th. They issued an "outperform" rating and a $13.50 price target for the company. Piper Sandler reduced their target price on shares of First Northwest Bancorp from $12.50 to $11.00 and set a "neutral" rating for the company in a research note on Monday, October 28th.

First Northwest Bancorp Stock Down 0.7 %

The firm's 50 day simple moving average is $10.63 and its 200-day simple moving average is $10.50. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $99.59 million, a price-to-earnings ratio of -16.37 and a beta of 0.94.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last released its earnings results on Tuesday, October 29th. The financial services provider reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.33). First Northwest Bancorp had a negative net margin of 4.79% and a negative return on equity of 0.18%. The company had revenue of $29.99 million during the quarter, compared to analyst estimates of $17.20 million. Equities analysts expect that First Northwest Bancorp will post -0.8 earnings per share for the current fiscal year.

Institutional Trading of First Northwest Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC lifted its position 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 last quarter. Fourthstone LLC lifted its holdings in First Northwest Bancorp by 0.3% during the 3rd quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider's stock valued at $10,077,000 after purchasing an additional 3,239 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in First Northwest Bancorp during the 4th quarter valued at $277,000. Jacobs Levy Equity Management Inc. bought a new position in First Northwest Bancorp during the third quarter worth $350,000. Finally, Pure Portfolios Holdings LLC acquired a new position in shares of First Northwest Bancorp in the third quarter valued at $353,000. 66.11% of the stock is owned by 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.