First Northwest Bancorp (NASDAQ:FNWB) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of First Northwest Bancorp (NASDAQ:FNWB) in a research note issued to investors on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

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

First Northwest Bancorp Price Performance

First Northwest Bancorp stock opened at $10.25 on Thursday. The company has a market cap of $95.95 million, a price-to-earnings ratio of -29.28 and a beta of 0.99. The firm’s fifty day moving average is $10.72 and its 200 day moving average is $10.63. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08. First Northwest Bancorp has a 52-week low of $8.91 and a 52-week high of $15.90.

First Northwest Bancorp (NASDAQ:FNWB) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share (EPS) 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%. Sell-side analysts forecast that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On First Northwest Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fourthstone LLC raised its stake in shares of First Northwest Bancorp by 0.3% in the third quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock valued at $10,077,000 after acquiring an additional 3,239 shares during the period. Kennedy Capital Management LLC grew its holdings in shares of First Northwest Bancorp by 43.3% in the fourth 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 during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings 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 worth $489,000 after purchasing an additional 15,622 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of First Northwest Bancorp in the third quarter worth about $350,000. Finally, FNY Investment Advisers LLC bought a new position in shares of First Northwest Bancorp in the fourth quarter worth about $277,000. Hedge funds and other institutional investors 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.