First Northwest Bancorp (NASDAQ:FNWB) Issues Earnings Results, Misses Estimates By $0.05 EPS

First Northwest Bancorp (NASDAQ:FNWB) posted its quarterly earnings results on Thursday. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.05), Zacks reports. First Northwest Bancorp had a net margin of 2.67% and a return on equity of 2.10%.

First Northwest Bancorp Price Performance

Shares of FNWB traded down $0.06 during mid-day trading on Thursday, hitting $10.66. 2,655 shares of the company were exchanged, compared to its average volume of 51,565. The stock has a market cap of $100.85 million, a price-to-earnings ratio of 29.61 and a beta of 0.60. First Northwest Bancorp has a 1-year low of $6.05 and a 1-year high of $12.10. The company has a 50 day moving average of $9.88 and a 200-day moving average of $8.66. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.01 and a current ratio of 1.01.

Analysts Set New Price Targets

Several analysts recently commented on FNWB shares. Wall Street Zen raised First Northwest Bancorp to a “hold” rating in a report on Saturday, January 10th. UBS Group raised shares of First Northwest Bancorp to a “neutral” rating in a research note on Friday, November 7th. Piper Sandler raised shares of First Northwest Bancorp from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $10.50 to $13.50 in a report on Friday, November 7th. Zacks Research raised shares of First Northwest Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of First Northwest Bancorp in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.50.

First Northwest Bancorp Company Profile

First Northwest Bancorp is a bank holding company headquartered in Mountlake Terrace, Washington. Through its wholly owned subsidiary, First Northwest Bank, the company delivers a full spectrum of community banking services to individuals, families, and small to mid-sized businesses. Its operations are rooted in local decision-making and personalized client relationships, reflecting a community-oriented banking model.

On the retail side, First Northwest Bank offers a range of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.