First Northwest Bancorp (NASDAQ:FNWB) Coverage Initiated by Analysts at StockNews.com

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

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

First Northwest Bancorp Stock Performance

NASDAQ:FNWB opened at $10.25 on Thursday. The business has a 50 day moving average of $10.72 and a 200 day moving average of $10.63. The company has a market capitalization of $95.95 million, a price-to-earnings ratio of -29.28 and a beta of 0.99. First Northwest Bancorp has a 1-year low of $8.91 and a 1-year high of $15.90. 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 (NASDAQ:FNWB) last announced its quarterly earnings data 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, sell-side analysts predict that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

First Northwest Bancorp Announces Dividend

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

Institutional Investors Weigh In On First Northwest Bancorp

Institutional investors have recently modified their holdings of the business. Jacobs Levy Equity Management Inc. purchased a new position in First Northwest Bancorp in the third quarter worth about $350,000. FNY Investment Advisers LLC purchased a new position in First Northwest Bancorp in the fourth quarter worth about $277,000. Kennedy Capital Management LLC boosted its position in 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 boosted its position in 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. Finally, Fourthstone LLC boosted its position in First Northwest Bancorp by 0.3% in the third 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 last quarter. 66.11% of the stock is 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.