First Northwest Bancorp (NASDAQ:FNWB) Given New $11.00 Price Target at Piper Sandler

First Northwest Bancorp (NASDAQ:FNWB) had its target price reduced by Piper Sandler from $12.50 to $11.00 in a research note issued to investors on Monday, Benzinga reports. Piper Sandler currently has a neutral rating on the financial services provider’s stock.

First Northwest Bancorp Price Performance

Shares of First Northwest Bancorp stock opened at $10.15 on Monday. First Northwest Bancorp has a twelve month low of $8.91 and a twelve month high of $16.12. The stock has a market capitalization of $95.84 million, a P/E ratio of -101.90 and a beta of 0.89. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.86. The business’s fifty day moving average price is $10.73 and its 200 day moving average price is $10.42.

First Northwest Bancorp (NASDAQ:FNWB) last issued its earnings results on Tuesday, October 29th. The financial services provider reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.33). The firm had revenue of $29.99 million during the quarter, compared to analyst estimates of $17.20 million. First Northwest Bancorp had a negative net margin of 1.02% and a positive return on equity of 2.61%. As a group, research analysts anticipate that First Northwest Bancorp will post 0.46 earnings per share for the current year.

First Northwest Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, November 8th. First Northwest Bancorp’s dividend payout ratio is presently -280.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pure Portfolios Holdings LLC acquired a new position in shares of First Northwest Bancorp during the third quarter worth about $353,000. O Shaughnessy Asset Management LLC lifted its stake in shares of First Northwest Bancorp by 57.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 16,183 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 5,915 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of First Northwest Bancorp by 7.5% during the first quarter. Empowered Funds LLC now owns 15,052 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 1,050 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.