First Northwest Bancorp (NASDAQ:FNWB) Share Price Crosses Above 50 Day Moving Average of $10.43

First Northwest Bancorp (NASDAQ:FNWB) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.43 and traded as high as $10.91. First Northwest Bancorp shares last traded at $10.85, with a volume of 4,031 shares.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FNWB. StockNews.com raised shares of First Northwest Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Piper Sandler lifted their target price on First Northwest Bancorp from $11.00 to $11.50 and gave the stock a “neutral” rating in a report on Tuesday, July 30th.

First Northwest Bancorp Stock Performance

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.86. The company has a market cap of $102.45 million, a P/E ratio of -108.50 and a beta of 0.90. The business has a fifty day simple moving average of $10.43 and a two-hundred day simple moving average of $11.45.

First Northwest Bancorp (NASDAQ:FNWB) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.08. The company had revenue of $21.60 million during the quarter, compared to the consensus estimate of $17.10 million. First Northwest Bancorp had a positive return on equity of 2.61% and a negative net margin of 1.02%. On average, sell-side analysts anticipate that First Northwest Bancorp will post 0.46 EPS for the current year.

First Northwest Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Friday, August 9th. First Northwest Bancorp’s dividend payout ratio is currently -280.00%.

Insider Activity

In other news, CEO Matthew Deines bought 9,285 shares of First Northwest Bancorp stock in a transaction dated Monday, July 29th. The shares were purchased at an average cost of $10.79 per share, with a total value of $100,185.15. Following the completion of the acquisition, the chief executive officer now owns 110,740 shares of the company’s stock, valued at approximately $1,194,884.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 10,435 shares of company stock worth $112,058 over the last quarter. Insiders own 4.94% of the company’s stock.

Institutional Investors Weigh In On First Northwest Bancorp

An institutional investor recently raised its position in First Northwest Bancorp stock. O Shaughnessy Asset Management LLC increased its holdings in shares of First Northwest Bancorp (NASDAQ:FNWB) by 57.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 16,183 shares of the financial services provider’s stock after acquiring an additional 5,915 shares during the period. O Shaughnessy Asset Management LLC owned about 0.17% of First Northwest Bancorp worth $253,000 at the end of the most recent quarter. 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.