First Northwest Bancorp (NASDAQ:FNWB) Announces Earnings Results, Misses Expectations By $0.04 EPS

First Northwest Bancorp (NASDAQ:FNWB) issued its earnings results on Wednesday. The financial services provider reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04), reports. The firm had revenue of $16.45 million during the quarter, compared to analysts’ expectations of $16.80 million. First Northwest Bancorp had a net margin of 5.35% and a return on equity of 4.18%.

First Northwest Bancorp Stock Performance

NASDAQ:FNWB traded up $0.03 during trading hours on Thursday, reaching $10.00. The company had a trading volume of 8,306 shares, compared to its average volume of 45,512. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $94.99 million, a PE ratio of 13.89 and a beta of 0.58. The business’s 50 day moving average price is $9.40 and its 200-day moving average price is $9.54. First Northwest Bancorp has a 1-year low of $6.05 and a 1-year high of $10.98.

Insider Buying and Selling at First Northwest Bancorp

In other First Northwest Bancorp news, CEO Curt Queyrouze bought 4,770 shares of First Northwest Bancorp stock in a transaction dated Friday, February 6th. The stock was acquired at an average cost of $10.41 per share, with a total value of $49,655.70. Following the purchase, the chief executive officer directly owned 54,770 shares in the company, valued at $570,155.70. This represents a 9.54% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 4.14% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Empowered Funds LLC increased its position in shares of First Northwest Bancorp by 9.6% during the fourth quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 1,841 shares in the last quarter. Bridgeway Capital Management LLC increased its position in shares of First Northwest Bancorp by 13.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider’s stock worth $418,000 after purchasing an additional 5,441 shares in the last quarter. Fourthstone LLC increased its position in shares of First Northwest Bancorp by 8.1% during the fourth quarter. Fourthstone LLC now owns 939,429 shares of the financial services provider’s stock worth $8,812,000 after purchasing an additional 70,337 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of First Northwest Bancorp during the fourth quarter worth approximately $199,000. Finally, Renaissance Technologies LLC increased its position in shares of 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 purchasing an additional 15,600 shares in the last quarter. 66.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on FNWB. Wall Street Zen upgraded First Northwest Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday. Weiss Ratings reissued a “sell (d-)” rating on shares of First Northwest Bancorp in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, First Northwest Bancorp presently has a consensus 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.