First Northwest Bancorp (NASDAQ:FNWB) Price Target Raised to $12.00 at Piper Sandler

First Northwest Bancorp (NASDAQ:FNWB - Free Report) had its target price raised by Piper Sandler from $11.00 to $12.00 in a research report report published on Monday,Benzinga reports. Piper Sandler currently has a neutral rating on the financial services provider's stock.

Separately, Hovde Group started coverage on First Northwest Bancorp in a research report on Monday, January 13th. They issued an "outperform" rating and a $13.50 target price on the stock.

First Northwest Bancorp Stock Performance

Shares of First Northwest Bancorp stock traded up $0.08 on Monday, reaching $10.88. 4,380 shares of the company were exchanged, compared to its average volume of 16,996. The firm has a market cap of $101.79 million, a price-to-earnings ratio of -31.07 and a beta of 0.93. First Northwest Bancorp has a 1-year low of $8.91 and a 1-year high of $16.00. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.04 and a current ratio of 1.04. The company's 50-day moving average is $10.57 and its two-hundred day moving average is $10.56.

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 for the quarter, missing the consensus estimate 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, research analysts expect that First Northwest Bancorp will post 0.75 earnings per share for the current fiscal year.

First Northwest Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Friday, February 14th. First Northwest Bancorp's dividend payout ratio is currently -80.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FNWB. Pure Portfolios Holdings LLC acquired a new position in shares of First Northwest Bancorp during the 3rd quarter valued at $353,000. Fourthstone LLC grew its stake in shares of First Northwest Bancorp by 0.3% in the 3rd quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider's stock worth $10,077,000 after purchasing an additional 3,239 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of First Northwest Bancorp in the third quarter valued at $350,000. Barclays PLC boosted its stake in shares of First Northwest Bancorp by 60.5% during the 3rd quarter. Barclays PLC now owns 6,815 shares of the financial services provider's stock worth $72,000 after acquiring an additional 2,568 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of First Northwest Bancorp during the 4th quarter worth $277,000. Institutional investors and hedge funds 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.