First Northwest Bancorp (NASDAQ:FNWB) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of First Northwest Bancorp (NASDAQ:FNWB) from a hold rating to a sell rating in a research report report published on Saturday morning.

A number of other equities analysts have also recently issued reports on the company. Zacks Research upgraded First Northwest Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings restated a “sell (d-)” rating on shares of First Northwest Bancorp in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $13.50.

First Northwest Bancorp Stock Performance

Shares of FNWB opened at $8.51 on Friday. The firm has a market cap of $80.42 million, a P/E ratio of 11.82 and a beta of 0.57. First Northwest Bancorp has a twelve month low of $6.05 and a twelve month high of $10.98. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s 50 day moving average price is $9.86 and its two-hundred day moving average price is $9.14.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.05). The company had revenue of $18.38 million for the quarter, compared to the consensus estimate of $17.15 million. First Northwest Bancorp had a return on equity of 4.18% and a net margin of 5.35%. On average, analysts forecast that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

Insider Activity at First Northwest Bancorp

In other First Northwest Bancorp news, CEO Curt Queyrouze acquired 4,770 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were acquired at an average price of $10.41 per share, with a total value of $49,655.70. Following the completion of the transaction, the chief executive officer directly owned 54,770 shares in the company, valued at $570,155.70. This trade represents a 9.54% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.47% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On First Northwest Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fourthstone LLC boosted its stake 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 worth $7,218,000 after buying an additional 73,578 shares during the last quarter. HoldCo Asset Management LP bought a new position in shares of First Northwest Bancorp in the 2nd quarter valued at about $460,000. Pinnacle Holdings LLC increased its position in shares of First Northwest Bancorp by 53.2% in the third quarter. Pinnacle Holdings LLC now owns 72,000 shares of the financial services provider’s stock valued at $567,000 after acquiring an additional 25,000 shares during the last quarter. Jane Street Group LLC bought a new stake in First Northwest Bancorp during the fourth quarter worth about $199,000. Finally, Renaissance Technologies LLC raised its holdings in First Northwest Bancorp by 5.6% during the fourth quarter. Renaissance Technologies LLC now owns 295,105 shares of the financial services provider’s stock worth $2,768,000 after acquiring an additional 15,600 shares in the last quarter. 66.11% of the stock is currently owned by institutional investors and hedge funds.

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.