First Northwest Bancorp (NASDAQ:FNWB) Now Covered by Hovde Group

Hovde Group began coverage on shares of First Northwest Bancorp (NASDAQ:FNWB - Free Report) in a report issued on Monday. The brokerage issued an outperform rating and a $13.50 price objective on the financial services provider's stock.

Separately, Piper Sandler cut their target price on 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 Performance

First Northwest Bancorp stock traded up $0.22 during trading hours on Monday, reaching $10.20. 5,540 shares of the company were exchanged, compared to its average volume of 16,487. The firm has a market cap of $95.48 million, a price-to-earnings ratio of -15.69 and a beta of 0.94. 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 50-day moving average of $10.55 and a 200 day moving average of $10.44. First Northwest Bancorp has a 12 month low of $8.91 and a 12 month high of $16.00.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last announced 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). The company had revenue of $29.99 million for the quarter, compared to the consensus estimate of $17.20 million. First Northwest Bancorp had a negative return on equity of 0.18% and a negative net margin of 4.79%. As a group, research analysts anticipate that First Northwest Bancorp will post -0.8 earnings per share for the current year.

First Northwest Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Friday, November 8th. First Northwest Bancorp's dividend payout ratio (DPR) is currently -43.08%.

Hedge Funds Weigh In On First Northwest Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its position in 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 buying an additional 2,568 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in First Northwest Bancorp in the 3rd quarter valued at approximately $350,000. Pure Portfolios Holdings LLC acquired a new stake in First Northwest Bancorp in the 3rd quarter valued at approximately $353,000. Finally, Fourthstone LLC raised its position in First Northwest Bancorp by 0.3% in the 3rd quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider's stock valued at $10,077,000 after buying an additional 3,239 shares during the last quarter. 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.