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

StockNews.com started 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 research reports about the stock. Piper Sandler increased their price objective on shares of First Northwest Bancorp from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Hovde Group initiated coverage on shares of First Northwest Bancorp in a research report on Monday, January 13th. They set an “outperform” rating and a $13.50 price objective on the stock.

First Northwest Bancorp Price Performance

FNWB stock opened at $10.31 on Thursday. The firm has a market cap of $96.51 million, a price-to-earnings ratio of -29.46 and a beta of 0.99. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08. First Northwest Bancorp has a 12-month low of $8.91 and a 12-month high of $15.90. The company’s fifty day simple moving average is $10.71 and its 200 day simple moving average is $10.64.

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, analysts expect that First Northwest Bancorp will post 0.5 earnings per share for the current year.

First Northwest Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.07 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.28 annualized dividend and a yield of 2.72%. First Northwest Bancorp’s payout ratio is -80.00%.

Hedge Funds Weigh In On First Northwest Bancorp

Large investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its position in First Northwest Bancorp by 60.5% in the 3rd quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock valued at $72,000 after acquiring an additional 2,568 shares in the last quarter. Citadel Advisors LLC increased its stake in First Northwest Bancorp by 5.6% in the 4th quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider’s stock valued at $165,000 after buying an additional 860 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in First Northwest Bancorp in the 4th quarter valued at about $277,000. Jacobs Levy Equity Management Inc. purchased a new stake in First Northwest Bancorp in the 3rd quarter valued at about $350,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in First Northwest Bancorp by 48.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider’s stock valued at $489,000 after buying an additional 15,622 shares during the last quarter. Institutional investors 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.