First Northwest Bancorp (NASDAQ:FNWB) Stock Price Passes Above 50-Day Moving Average of $9.88

First Northwest Bancorp (NASDAQ:FNWB)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.88 and traded as high as $10.80. First Northwest Bancorp shares last traded at $10.64, with a volume of 33,692 shares traded.

Wall Street Analyst Weigh In

FNWB has been the topic of a number of recent analyst reports. StockNews.com raised First Northwest Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Piper Sandler increased their price target on First Northwest Bancorp from $11.00 to $11.50 and gave the company a “neutral” rating in a research note on Tuesday, July 30th.

First Northwest Bancorp Stock Up 1.5 %

The firm has a market cap of $100.46 million, a P/E ratio of -106.40 and a beta of 0.89. The firm’s fifty day moving average is $9.88 and its 200 day moving average is $11.87. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.04 and a current ratio of 1.04.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. The company had revenue of $21.60 million during the quarter, compared to analysts’ expectations of $17.10 million. First Northwest Bancorp had a positive return on equity of 2.62% and a negative net margin of 1.02%. As a group, equities research analysts anticipate that First Northwest Bancorp will post 0.46 earnings per share for the current fiscal year.

First Northwest Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Friday, August 9th. First Northwest Bancorp’s dividend payout ratio is -280.00%.

Insider Transactions at First Northwest Bancorp

In other First Northwest Bancorp news, CEO Matthew Deines purchased 9,285 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average cost of $10.79 per share, for a total transaction of $100,185.15. Following the completion of the purchase, the chief executive officer now owns 110,740 shares of the company’s stock, valued at approximately $1,194,884.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders bought 10,435 shares of company stock valued at $112,058. 4.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On First Northwest Bancorp

A hedge fund recently raised its stake in First Northwest Bancorp stock. Empowered Funds LLC boosted its stake in shares of First Northwest Bancorp (NASDAQ:FNWB) by 7.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,052 shares of the financial services provider’s stock after acquiring an additional 1,050 shares during the period. Empowered Funds LLC owned 0.16% of First Northwest Bancorp worth $236,000 at the end of the most recent reporting period. 66.11% of the stock is currently owned by hedge funds and other institutional investors.

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.