First Northwest Bancorp (NASDAQ:FNWB) Posts Quarterly Earnings Results, Misses Estimates By $0.13 EPS

First Northwest Bancorp (NASDAQ:FNWBGet Rating) released its earnings results on Thursday. The financial services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13), Fidelity Earnings reports. First Northwest Bancorp had a return on equity of 8.24% and a net margin of 19.44%.

FNWB stock opened at $20.97 on Friday. First Northwest Bancorp has a one year low of $16.21 and a one year high of $23.77. The firm has a 50-day moving average of $22.40 and a two-hundred day moving average of $20.74. The firm has a market capitalization of $209.70 million, a PE ratio of 12.56 and a beta of 0.90. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.63.

Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in First Northwest Bancorp by 243.4% in the 2nd quarter. Royal Bank of Canada now owns 2,311 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 1,638 shares during the period. Morgan Stanley lifted its holdings in shares of First Northwest Bancorp by 52.5% in the second quarter. Morgan Stanley now owns 8,158 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 2,807 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of First Northwest Bancorp in the fourth quarter worth $202,000. Barclays PLC grew its holdings in shares of First Northwest Bancorp by 6.9% during the fourth quarter. Barclays PLC now owns 15,579 shares of the financial services provider’s stock valued at $315,000 after buying an additional 999 shares in the last quarter. Finally, Susquehanna International Group LLP grew its holdings in shares of First Northwest Bancorp by 139.4% during the fourth quarter. Susquehanna International Group LLP now owns 25,309 shares of the financial services provider’s stock valued at $512,000 after buying an additional 14,739 shares in the last quarter. Institutional investors and hedge funds own 60.16% of the company’s stock.

Several analysts have recently weighed in on FNWB shares. Zacks Investment Research lowered First Northwest Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 30th. Piper Sandler upgraded shares of First Northwest Bancorp from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $19.50 to $24.00 in a research report on Friday, January 28th. Finally, StockNews.com assumed coverage on shares of First Northwest Bancorp in a research note on Thursday, March 31st. They set a “buy” rating for the company.

First Northwest Bancorp Company Profile (Get Rating)

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. It accepts various deposit instruments, including checking, money market deposit, savings, and transaction accounts, as well as certificates of deposit.

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Earnings History for First Northwest Bancorp (NASDAQ:FNWB)

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