First Northwest Bancorp (NASDAQ:FNWB) Price Target Raised to $12.00 at Piper Sandler

First Northwest Bancorp (NASDAQ:FNWB) had its price target increased by Piper Sandler from $11.00 to $12.00 in a research report sent to investors on Monday,Benzinga reports. Piper Sandler currently has a neutral rating on the financial services provider’s stock.

Separately, Hovde Group initiated coverage on First Northwest Bancorp in a report on Monday, January 13th. They issued an “outperform” rating and a $13.50 target price on the stock.

First Northwest Bancorp Trading Down 0.5 %

Shares of FNWB opened at $10.90 on Monday. The firm has a market cap of $102.02 million, a P/E ratio of -31.14 and a beta of 0.93. 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 has a 1 year low of $8.91 and a 1 year high of $16.00. The company has a 50 day simple moving average of $10.60 and a two-hundred day simple moving average of $10.56.

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 net margin of 2.38% and a negative return on equity of 1.86%. On average, equities analysts expect that First Northwest Bancorp will post 0.75 earnings per share for the current fiscal year.

First Northwest Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Friday, February 14th. First Northwest Bancorp’s payout ratio is -80.00%.

Hedge Funds Weigh In On First Northwest Bancorp

Several institutional investors have recently bought and sold shares of the business. Barclays PLC raised its position 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 valued at $72,000 after buying an additional 2,568 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in First Northwest Bancorp during the fourth quarter valued at approximately $277,000. Jacobs Levy Equity Management Inc. purchased a new stake in First Northwest Bancorp during the third quarter valued at approximately $350,000. Pure Portfolios Holdings LLC bought a new stake in shares of First Northwest Bancorp in the 3rd quarter valued at approximately $353,000. Finally, Fourthstone LLC boosted its holdings in shares of First Northwest Bancorp by 0.3% in the 3rd quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock worth $10,077,000 after purchasing an additional 3,239 shares during the period. Institutional investors own 66.11% of the company’s stock.

First Northwest Bancorp Company Profile

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.