Piper Sandler Lowers First Northwest Bancorp (NASDAQ:FNWB) Price Target to $11.00

First Northwest Bancorp (NASDAQ:FNWB - Free Report) had its price target lowered by Piper Sandler from $12.50 to $11.00 in a research note released on Monday, Benzinga reports. The firm currently has a neutral rating on the financial services provider's stock.

First Northwest Bancorp Trading Down 2.2 %

FNWB stock traded down $0.23 during mid-day trading on Monday, reaching $10.13. 82,124 shares of the stock traded hands, compared to its average volume of 20,135. First Northwest Bancorp has a one year low of $8.91 and a one year high of $16.12. The stock has a market capitalization of $95.65 million, a PE ratio of -99.50 and a beta of 0.89. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.01 and a current ratio of 1.01. The business has a 50-day moving average price of $10.75 and a two-hundred day moving average price of $10.45.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.08. The company had revenue of $21.60 million for the quarter, compared to analyst estimates of $17.10 million. First Northwest Bancorp had a negative net margin of 1.02% and a positive return on equity of 2.61%. Equities research analysts expect that First Northwest Bancorp will post 0.46 EPS for the current year.

Institutional Investors Weigh In On First Northwest Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC increased its stake in First Northwest Bancorp by 7.5% in the first quarter. Empowered Funds LLC now owns 15,052 shares of the financial services provider's stock worth $236,000 after purchasing an additional 1,050 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of First Northwest Bancorp by 57.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 16,183 shares of the financial services provider's stock worth $253,000 after purchasing an additional 5,915 shares during the last quarter. Finally, Pure Portfolios Holdings LLC purchased a new position in First Northwest Bancorp in the 3rd quarter worth about $353,000. 66.11% of the stock is 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.