First Northwest Bancorp (NASDAQ:FNWB) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of First Northwest Bancorp (NASDAQ:FNWB – Get Rating) in a research note issued to investors on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

Several other equities research analysts also recently commented on the stock. Hovde Group decreased their target price on shares of First Northwest Bancorp to $21.50 in a research report on Friday, June 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $19.00 target price on shares of First Northwest Bancorp in a research report on Wednesday, June 1st.

First Northwest Bancorp Trading Up 1.2 %

FNWB opened at $17.00 on Thursday. The company has a fifty day moving average price of $16.36 and a two-hundred day moving average price of $19.65. First Northwest Bancorp has a 1-year low of $14.50 and a 1-year high of $23.77. The company has a market cap of $170.07 million, a P/E ratio of 10.76 and a beta of 0.90. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.04.

First Northwest Bancorp (NASDAQ:FNWB – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). First Northwest Bancorp had a return on equity of 7.88% and a net margin of 17.47%. Analysts predict that First Northwest Bancorp will post 1.4 EPS for the current fiscal year.

Institutional Investors Weigh In On First Northwest Bancorp

Several large investors have recently modified their holdings of the stock. UMB Bank N A MO purchased a new position in First Northwest Bancorp in the 4th quarter valued at approximately $121,000. Acadian Asset Management LLC increased its position in shares of First Northwest Bancorp by 90.1% during the fourth quarter. Acadian Asset Management LLC now owns 19,179 shares of the financial services provider’s stock valued at $384,000 after buying an additional 9,092 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of First Northwest Bancorp by 48.0% in the first quarter. Baird Financial Group Inc. now owns 18,500 shares of the financial services provider’s stock worth $409,000 after buying an additional 6,000 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in First Northwest Bancorp during the first quarter valued at approximately $429,000. Finally, State Street Corp lifted its stake in First Northwest Bancorp by 11.4% in the 1st quarter. State Street Corp now owns 34,327 shares of the financial services provider’s stock worth $758,000 after purchasing an additional 3,501 shares in the last quarter. Hedge funds and other institutional investors own 62.59% of the company’s stock.

About First Northwest Bancorp

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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. It accepts various deposit instruments, including checking, money market deposit, savings, and transaction accounts, as well as certificates of deposit.