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

StockNews.com began coverage on shares of First Northwest Bancorp (NASDAQ:FNWB) in a report released on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.

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

First Northwest Bancorp Stock Performance

NASDAQ:FNWB opened at $10.25 on Thursday. The company has a market capitalization of $95.95 million, a PE ratio of -29.28 and a beta of 0.99. The company has a 50 day simple moving average of $10.72 and a two-hundred day simple moving average of $10.63. 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 has a fifty-two week low of $8.91 and a fifty-two week high of $15.90.

First Northwest Bancorp (NASDAQ:FNWB) last released its earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates 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%. Research analysts anticipate that First Northwest Bancorp will post 0.5 earnings per share for the current year.

First Northwest Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Friday, February 14th. First Northwest Bancorp’s dividend payout ratio (DPR) is -80.00%.

Institutional Trading of First Northwest Bancorp

Large investors have recently modified their holdings of the stock. Citadel Advisors LLC lifted its holdings in shares of First Northwest Bancorp by 5.6% in the 4th 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 in the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of First Northwest Bancorp by 43.3% in the 4th quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider’s stock worth $770,000 after purchasing an additional 22,788 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of 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 worth $489,000 after purchasing an additional 15,622 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of First Northwest Bancorp in the 4th quarter worth $277,000. Finally, Barclays PLC lifted its stake in 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 acquiring an additional 2,568 shares in the last quarter. Institutional investors and hedge funds 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.