First Northwest Bancorp (NASDAQ:FNWB) Price Target Raised to $12.00

First Northwest Bancorp (NASDAQ:FNWB) had its price target increased by Piper Sandler from $11.50 to $12.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the company. StockNews.com initiated coverage on First Northwest Bancorp in a report on Thursday, April 17th. They set a “hold” rating for the company. Hovde Group started coverage on shares of First Northwest Bancorp in a report on Monday, January 13th. They issued an “outperform” rating and a $13.50 price objective for the company.

First Northwest Bancorp Trading Down 1.0 %

Shares of FNWB stock opened at $10.20 on Tuesday. The company has a market capitalization of $96.30 million, a PE ratio of -29.14 and a beta of 0.81. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.04 and a current ratio of 1.04. The business’s fifty day moving average is $10.24 and its 200 day moving average is $10.52. First Northwest Bancorp has a 52-week low of $8.91 and a 52-week high of $12.10.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. The business had revenue of $17.94 million for the quarter, compared to analysts’ expectations of $16.40 million. First Northwest Bancorp had a negative net margin of 2.38% and a negative return on equity of 1.86%. On average, equities research analysts anticipate that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

First Northwest Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, May 9th. First Northwest Bancorp’s payout ratio is presently -127.27%.

Hedge Funds Weigh In On First Northwest Bancorp

A number of institutional investors have recently added to or reduced their stakes in FNWB. Kennedy Capital Management LLC grew its position in shares of First Northwest Bancorp by 43.3% in the 4th quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider’s stock worth $770,000 after buying an additional 22,788 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in First Northwest Bancorp by 48.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider’s stock worth $489,000 after acquiring an additional 15,622 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in First Northwest Bancorp in the fourth quarter worth about $277,000. Citadel Advisors LLC increased its stake in shares of First Northwest Bancorp by 5.6% during the fourth quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 860 shares in the last quarter. Finally, Round Rock Advisors LLC purchased a new position in shares of First Northwest Bancorp during the first quarter valued at approximately $108,000. Institutional investors own 66.11% of the company’s stock.

First Northwest Bancorp Company Profile

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.