First Northwest Bancorp (NASDAQ:FNWB) Downgraded to “Sell” Rating by Wall Street Zen

First Northwest Bancorp (NASDAQ:FNWB) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Several other research firms have also recently weighed in on FNWB. Weiss Ratings reissued a “sell (d-)” rating on shares of First Northwest Bancorp in a report on Monday, December 29th. Zacks Research raised First Northwest Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, First Northwest Bancorp currently has an average rating of “Hold” and an average target price of $13.50.

First Northwest Bancorp Price Performance

NASDAQ:FNWB opened at $8.51 on Friday. The company has a market cap of $80.42 million, a P/E ratio of 11.82 and a beta of 0.57. The firm’s fifty day moving average price is $9.86 and its two-hundred day moving average price is $9.13. First Northwest Bancorp has a one year low of $6.05 and a one year high of $10.98. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.05 and a quick ratio of 1.05.

First Northwest Bancorp (NASDAQ:FNWB) last posted its earnings results on Thursday, January 29th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The company had revenue of $18.38 million for the quarter, compared to analyst estimates of $17.15 million. First Northwest Bancorp had a return on equity of 4.18% and a net margin of 5.35%. Equities analysts expect that First Northwest Bancorp will post 0.5 earnings per share for the current year.

Insider Buying and Selling at First Northwest Bancorp

In other First Northwest Bancorp news, CEO Curt Queyrouze bought 4,770 shares of First Northwest Bancorp stock in a transaction on Friday, February 6th. The shares were purchased at an average price of $10.41 per share, with a total value of $49,655.70. Following the acquisition, the chief executive officer owned 54,770 shares in the company, valued at $570,155.70. This trade represents a 9.54% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.47% of the company’s stock.

Institutional Trading of First Northwest Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Bensler LLC lifted its stake in shares of First Northwest Bancorp by 11.0% in the 3rd quarter. Bensler LLC now owns 12,868 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 1,276 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of First Northwest Bancorp by 9.6% during the 4th quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider’s stock valued at $197,000 after acquiring an additional 1,841 shares in the last quarter. Bridgeway Capital Management LLC grew its position in First Northwest Bancorp by 13.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 5,441 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in First Northwest Bancorp by 3.1% in the 2nd quarter. Kennedy Capital Management LLC now owns 334,625 shares of the financial services provider’s stock worth $2,577,000 after purchasing an additional 10,026 shares in the last quarter. Finally, Pinnacle Holdings LLC increased its holdings in First Northwest Bancorp by 18.0% in the 4th quarter. Pinnacle Holdings LLC now owns 84,928 shares of the financial services provider’s stock worth $797,000 after purchasing an additional 12,928 shares in the last quarter. 66.11% of the stock is currently owned by institutional investors.

About First Northwest Bancorp

First Northwest Bancorp is a bank holding company headquartered in Mountlake Terrace, Washington. Through its wholly owned subsidiary, First Northwest Bank, the company delivers a full spectrum of community banking services to individuals, families, and small to mid-sized businesses. Its operations are rooted in local decision-making and personalized client relationships, reflecting a community-oriented banking model.

On the retail side, First Northwest Bank offers a range of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.