First Northwest Bancorp (FNWB) to Release Quarterly Earnings on Thursday

First Northwest Bancorp (NASDAQ:FNWB) is expected to post its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect First Northwest Bancorp to post earnings of $0.06 per share and revenue of $16,500.00 billion for the quarter.

First Northwest Bancorp (NASDAQ:FNWB) last released its earnings results on Tuesday, October 29th. The financial services provider reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.33). The firm had revenue of $29.99 million for the quarter, compared to analyst estimates of $17.20 million. First Northwest Bancorp had a negative return on equity of 0.18% and a negative net margin of 4.79%. On average, analysts expect First Northwest Bancorp to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

First Northwest Bancorp Price Performance

NASDAQ:FNWB opened at $10.93 on Wednesday. The business’s 50-day moving average price is $10.62 and its 200 day moving average price is $10.49. The firm has a market cap of $102.30 million, a P/E ratio of -16.82 and a beta of 0.94. First Northwest Bancorp has a 52-week low of $8.91 and a 52-week high of $16.00. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FNWB. Piper Sandler dropped their price target on First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. Hovde Group began coverage on First Northwest Bancorp in a research note on Monday, January 13th. They issued an “outperform” rating and a $13.50 price target on the 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.