First Northwest Bancorp (NASDAQ:FNWB) CEO Curt Queyrouze Acquires 4,770 Shares of Stock

First Northwest Bancorp (NASDAQ:FNWB) CEO Curt Queyrouze bought 4,770 shares of the stock in a transaction on Friday, February 6th. The stock was purchased at an average price of $10.41 per share, for a total transaction of $49,655.70. Following the completion of the purchase, the chief executive officer owned 54,770 shares of the company’s stock, valued at approximately $570,155.70. This trade represents a 9.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

First Northwest Bancorp Stock Down 1.1%

FNWB stock opened at $10.25 on Tuesday. The stock has a fifty day moving average of $10.00 and a 200-day moving average of $8.81. First Northwest Bancorp has a fifty-two week low of $6.05 and a fifty-two week high of $12.10. The company has a market capitalization of $96.97 million, a price-to-earnings ratio of 14.24 and a beta of 0.58. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.01 and a current ratio of 1.01.

First Northwest Bancorp (NASDAQ:FNWB) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.05). The business had revenue of $18.38 million for the quarter, compared to analysts’ expectations of $17.15 million. First Northwest Bancorp had a net margin of 5.35% and a return on equity of 4.23%. As a group, equities research analysts predict that First Northwest Bancorp will post 0.5 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Trading of First Northwest Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Fourthstone LLC boosted its position in shares of First Northwest Bancorp by 8.5% during the 2nd quarter. Fourthstone LLC now owns 937,390 shares of the financial services provider’s stock valued at $7,218,000 after acquiring an additional 73,578 shares during the last quarter. Kennedy Capital Management LLC lifted its position in First Northwest Bancorp by 3.1% during the second quarter. Kennedy Capital Management LLC now owns 334,625 shares of the financial services provider’s stock valued at $2,577,000 after purchasing an additional 10,026 shares during the last quarter. Pinnacle Holdings LLC grew its stake in First Northwest Bancorp by 53.2% in the 3rd quarter. Pinnacle Holdings LLC now owns 72,000 shares of the financial services provider’s stock worth $567,000 after buying an additional 25,000 shares in the last quarter. HoldCo Asset Management LP bought a new position in shares of First Northwest Bancorp in the 2nd quarter worth $460,000. Finally, Bensler LLC increased its holdings in shares of First Northwest Bancorp by 11.0% in the 3rd quarter. Bensler LLC now owns 12,868 shares of the financial services provider’s stock worth $101,000 after buying an additional 1,276 shares during the last quarter. Hedge funds and other institutional investors own 66.11% of the company’s stock.

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.