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

Investment analysts at StockNews.com started coverage on shares of First Northwest Bancorp (NASDAQ:FNWB) in a research note issued on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.

A number of other research analysts have also recently issued reports on FNWB. Piper Sandler boosted their target price on First Northwest Bancorp from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Hovde Group initiated coverage on First Northwest Bancorp in a research note on Monday, January 13th. They set an “outperform” rating and a $13.50 target price for the company.

First Northwest Bancorp Stock Performance

Shares of NASDAQ:FNWB opened at $9.70 on Thursday. The firm’s 50 day simple moving average is $10.50 and its 200 day simple moving average is $10.54. First Northwest Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $12.10. The company has a market capitalization of $91.58 million, a price-to-earnings ratio of -27.71 and a beta of 0.81. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 1.04.

First Northwest Bancorp (NASDAQ:FNWB) last posted its earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.38). First Northwest Bancorp had a negative return on equity of 1.86% and a negative net margin of 2.38%. As a group, sell-side analysts forecast that First Northwest Bancorp will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On First Northwest Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC grew its stake 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 acquiring an additional 2,568 shares in the last quarter. Citadel Advisors LLC boosted its holdings 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 purchasing an additional 860 shares during the last quarter. FNY Investment Advisers LLC bought a new position in First Northwest Bancorp in the fourth quarter valued at $277,000. Arrowstreet Capital Limited Partnership increased its stake in First Northwest Bancorp by 48.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider’s stock valued at $489,000 after buying an additional 15,622 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its position in First Northwest Bancorp by 43.3% during the 4th quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider’s stock worth $770,000 after buying an additional 22,788 shares in the last quarter. Institutional investors and hedge funds own 66.11% of the company’s stock.

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.