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

StockNews.com assumed coverage on shares of First Northwest Bancorp (NASDAQ:FNWB) in a research note issued to investors on Tuesday. The brokerage issued a hold rating on the financial services provider’s stock.

A number of other brokerages also recently commented on FNWB. Piper Sandler lifted their price objective on shares of First Northwest Bancorp from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Hovde Group assumed coverage on First Northwest Bancorp in a report on Monday, January 13th. They set an “outperform” rating and a $13.50 price target for the company.

First Northwest Bancorp Stock Performance

Shares of NASDAQ FNWB opened at $10.15 on Tuesday. The stock has a market capitalization of $94.98 million, a PE ratio of -29.00 and a beta of 0.99. First Northwest Bancorp has a 52 week low of $8.91 and a 52 week high of $15.85. The stock has a 50 day moving average price of $10.66 and a 200 day moving average price of $10.59. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.04 and a current ratio of 1.04.

First Northwest Bancorp (NASDAQ:FNWB) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.38). First Northwest Bancorp had a negative net margin of 2.38% and a negative return on equity of 1.86%. Analysts predict that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

First Northwest Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.28 dividend on an annualized basis and a yield of 2.76%. First Northwest Bancorp’s dividend payout ratio (DPR) is -80.00%.

Hedge Funds Weigh In On First Northwest Bancorp

Several large investors have recently modified their holdings of the stock. Barclays PLC boosted its holdings in shares of First Northwest Bancorp by 60.5% during the 3rd quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock worth $72,000 after buying an additional 2,568 shares during the period. Citadel Advisors LLC lifted its position in First Northwest Bancorp by 5.6% during the fourth quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 860 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of First Northwest Bancorp during the fourth quarter worth approximately $277,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of First Northwest Bancorp during the third quarter worth approximately $350,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of First Northwest Bancorp by 48.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 15,622 shares during the last quarter. 66.11% of the stock is owned by institutional investors.

About First Northwest Bancorp

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.