First Northwest Bancorp (NASDAQ:FNWB) Price Target Raised to $12.00

First Northwest Bancorp (NASDAQ:FNWB) had its price target lifted by Piper Sandler from $11.00 to $12.00 in a report released on Monday,Benzinga reports. Piper Sandler currently has a neutral rating on the financial services provider’s stock.

Separately, Hovde Group began coverage on First Northwest Bancorp in a research report on Monday, January 13th. They issued an “outperform” rating and a $13.50 price objective for the company.

First Northwest Bancorp Stock Performance

FNWB stock opened at $10.90 on Monday. First Northwest Bancorp has a one year low of $8.91 and a one year high of $16.00. The firm has a market cap of $102.02 million, a price-to-earnings ratio of -31.14 and a beta of 0.93. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a 50-day simple moving average of $10.60 and a two-hundred day simple moving average of $10.56.

First Northwest Bancorp (NASDAQ:FNWB) last posted its earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) 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%. On average, equities analysts forecast that First Northwest Bancorp will post 0.75 EPS for the current fiscal year.

First Northwest Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Friday, February 14th. First Northwest Bancorp’s dividend payout ratio (DPR) is presently -80.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FNWB. Barclays PLC grew its holdings in shares of First Northwest Bancorp by 60.5% during the third quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock valued at $72,000 after buying an additional 2,568 shares during the last quarter. Pure Portfolios Holdings LLC purchased a new stake in First Northwest Bancorp during the 3rd quarter valued at about $353,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of First Northwest Bancorp in the third quarter valued at about $350,000. FNY Investment Advisers LLC purchased a new position in shares of First Northwest Bancorp in the fourth quarter worth about $277,000. Finally, Fourthstone LLC lifted its holdings in shares of First Northwest Bancorp by 0.3% during 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 period. Institutional investors and hedge funds 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.