First Northwest Bancorp (NASDAQ:FNWB) Stock Passes Below 200-Day Moving Average of $13.85

Shares of First Northwest Bancorp (NASDAQ:FNWBGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.85 and traded as low as $10.00. First Northwest Bancorp shares last traded at $10.08, with a volume of 12,618 shares trading hands.

Wall Street Analysts Forecast Growth

FNWB has been the topic of a number of analyst reports. StockNews.com raised First Northwest Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Piper Sandler lowered their price objective on First Northwest Bancorp from $17.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st.

Get Our Latest Analysis on FNWB

First Northwest Bancorp Trading Down 2.0 %

The stock has a 50-day moving average price of $11.64 and a two-hundred day moving average price of $13.85. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $95.18 million, a PE ratio of -100.80 and a beta of 0.89.

First Northwest Bancorp (NASDAQ:FNWBGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). First Northwest Bancorp had a positive return on equity of 2.85% and a negative net margin of 0.78%. The business had revenue of $16.12 million during the quarter, compared to analysts’ expectations of $16.50 million. As a group, equities analysts forecast that First Northwest Bancorp will post 0.5 earnings per share for the current year.

First Northwest Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a $0.07 dividend. The ex-dividend date was Thursday, May 9th. This represents a $0.28 dividend on an annualized basis and a yield of 2.78%. First Northwest Bancorp’s dividend payout ratio is presently -280.00%.

Insider Buying and Selling

In other First Northwest Bancorp news, Director Dana D. Behar purchased 80,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average cost of $10.50 per share, with a total value of $840,000.00. Following the acquisition, the director now owns 135,467 shares in the company, valued at $1,422,403.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have acquired 82,516 shares of company stock valued at $866,547. Corporate insiders own 4.94% of the company’s stock.

Institutional Trading of First Northwest Bancorp

A number of large investors have recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC increased its stake in First Northwest Bancorp by 2.1% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 301,674 shares of the financial services provider’s stock worth $3,702,000 after acquiring an additional 6,341 shares during the last quarter. Brandywine Global Investment Management LLC increased its stake in First Northwest Bancorp by 2.0% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 119,961 shares of the financial services provider’s stock worth $1,472,000 after acquiring an additional 2,400 shares during the last quarter. Equitable Trust Co. increased its stake in First Northwest Bancorp by 6.6% in the 4th quarter. Equitable Trust Co. now owns 19,496 shares of the financial services provider’s stock worth $311,000 after acquiring an additional 1,201 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in First Northwest Bancorp by 57.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,183 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 5,915 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in First Northwest Bancorp by 7.5% in the 1st quarter. Empowered Funds LLC now owns 15,052 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 1,050 shares during the last quarter. Institutional investors own 66.11% of the company’s stock.

About First Northwest Bancorp

(Get Free Report)

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

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