First Northwest Bancorp (NASDAQ:FNWB) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of First Northwest Bancorp (NASDAQ:FNWBGet Rating) in a research note issued on Saturday. The brokerage set a “buy” rating on the financial services provider’s stock.

A number of other research analysts have also weighed in on the stock. Piper Sandler raised shares of First Northwest Bancorp from a “neutral” rating to an “overweight” rating and raised their price target for the company from $19.50 to $24.00 in a research report on Friday, January 28th. Zacks Investment Research cut First Northwest Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 30th.

Shares of FNWB stock opened at $17.21 on Friday. The stock has a 50 day moving average of $20.97 and a 200-day moving average of $20.70. First Northwest Bancorp has a 12 month low of $16.19 and a 12 month high of $23.77. The firm has a market cap of $172.17 million, a PE ratio of 10.56 and a beta of 0.88. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.04.

First Northwest Bancorp (NASDAQ:FNWBGet Rating) last released its quarterly earnings results on Friday, April 29th. The financial services provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). First Northwest Bancorp had a return on equity of 8.12% and a net margin of 18.58%.

In other news, Director Cindy H. Finnie purchased 1,500 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The shares were bought at an average price of $18.23 per share, for a total transaction of $27,345.00. Following the completion of the transaction, the director now owns 33,563 shares in the company, valued at $611,853.49. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.40% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its position in shares of First Northwest Bancorp by 243.4% during the second quarter. Royal Bank of Canada now owns 2,311 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 1,638 shares during the last quarter. UMB Bank N A MO purchased a new position in First Northwest Bancorp during the 4th quarter worth $121,000. Morgan Stanley raised its position in First Northwest Bancorp by 52.5% during the 2nd quarter. Morgan Stanley now owns 8,158 shares of the financial services provider’s stock worth $143,000 after buying an additional 2,807 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in shares of First Northwest Bancorp by 16.6% during the 3rd quarter. Advisor Group Holdings Inc. now owns 10,375 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 1,475 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new position in shares of First Northwest Bancorp during the 4th quarter worth $202,000. 62.59% of the stock is currently owned by institutional investors.

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.

Read More

Receive News & Ratings for First Northwest Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Northwest Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.