Piper Sandler Trims First Northwest Bancorp (NASDAQ:FNWB) Target Price to $12.00

First Northwest Bancorp (NASDAQ:FNWB) had its price objective decreased by Piper Sandler from $17.00 to $12.00 in a research note published on Wednesday, Benzinga reports. Piper Sandler currently has a neutral rating on the financial services provider’s stock.

Several other brokerages also recently issued reports on FNWB. StockNews.com raised shares of First Northwest Bancorp from a sell rating to a hold rating in a research note on Friday, March 1st. TheStreet downgraded shares of First Northwest Bancorp from a c+ rating to a d+ rating in a research note on Thursday, January 25th.

First Northwest Bancorp Stock Up 1.9 %

Shares of NASDAQ FNWB opened at $10.71 on Wednesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $101.13 million, a P/E ratio of 42.84 and a beta of 0.86. First Northwest Bancorp has a 1 year low of $9.94 and a 1 year high of $16.12. The firm has a 50-day simple moving average of $13.91 and a two-hundred day simple moving average of $14.24.

First Northwest Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Thursday, May 9th. First Northwest Bancorp’s dividend payout ratio is presently 112.00%.

Insider Activity

In other news, EVP Terry A. Anderson sold 3,100 shares of First Northwest Bancorp stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $15.72, for a total transaction of $48,732.00. Following the completion of the sale, the executive vice president now owns 16,677 shares of the company’s stock, valued at $262,162.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders purchased 4,516 shares of company stock valued at $58,012. Corporate insiders own 4.94% of the company’s stock.

Hedge Funds Weigh In On First Northwest Bancorp

Large investors have recently bought and sold shares of the business. Equitable Trust Co. grew its holdings in First Northwest Bancorp by 6.6% in the fourth quarter. Equitable Trust Co. now owns 19,496 shares of the financial services provider’s stock worth $311,000 after purchasing an additional 1,201 shares during the last quarter. Brandywine Global Investment Management LLC grew its holdings in shares of First Northwest Bancorp by 2.0% during the third quarter. Brandywine Global Investment Management LLC now owns 119,961 shares of the financial services provider’s stock valued at $1,472,000 after buying an additional 2,400 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in shares of First Northwest Bancorp by 2.1% during the third quarter. Pacific Ridge Capital Partners LLC now owns 301,674 shares of the financial services provider’s stock valued at $3,702,000 after buying an additional 6,341 shares during the last quarter. Barclays PLC grew its holdings in shares of First Northwest Bancorp by 21.9% during the third quarter. Barclays PLC now owns 6,022 shares of the financial services provider’s stock valued at $74,000 after buying an additional 1,083 shares during the last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of First Northwest Bancorp during the third quarter valued at $436,000. 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.