First Northwest Bancorp (NASDAQ:FNWB) Stock Crosses Above Fifty Day Moving Average – What’s Next?

First Northwest Bancorp (NASDAQ:FNWB) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.03 and traded as high as $10.34. First Northwest Bancorp shares last traded at $10.24, with a volume of 46,729 shares traded.

Wall Street Analysts Forecast Growth

FNWB has been the subject of a number of recent analyst reports. Piper Sandler upgraded shares of First Northwest Bancorp from a “neutral” rating to an “overweight” rating and upped their price target for the company from $10.50 to $13.50 in a report on Friday, November 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of First Northwest Bancorp in a research report on Monday, December 29th. UBS Group upgraded First Northwest Bancorp to a “neutral” rating in a research note on Friday, November 7th. Zacks Research raised First Northwest Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded First Northwest Bancorp to a “hold” rating in a report on Saturday, January 10th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.50.

First Northwest Bancorp Trading Up 0.4%

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $96.87 million, a price-to-earnings ratio of 14.22 and a beta of 0.58. The business has a 50-day moving average of $10.03 and a two-hundred day moving average of $8.90.

First Northwest Bancorp (NASDAQ:FNWB) last posted its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.05). First Northwest Bancorp had a net margin of 5.35% and a return on equity of 4.23%. The firm had revenue of $18.38 million during the quarter, compared to analyst estimates of $17.15 million. Research analysts predict that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Curt Queyrouze bought 4,770 shares of First Northwest Bancorp stock in a transaction that occurred on Friday, February 6th. The stock was purchased at an average cost of $10.41 per share, with a total value of $49,655.70. Following the completion of the transaction, the chief executive officer directly owned 54,770 shares in the company, valued at $570,155.70. This trade represents a 9.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.47% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On First Northwest Bancorp

A number of hedge funds have recently made changes to their positions in FNWB. Bensler LLC lifted its holdings in shares of First Northwest Bancorp by 11.0% during the 3rd quarter. Bensler LLC now owns 12,868 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 1,276 shares during the period. Empowered Funds LLC raised its position in First Northwest Bancorp by 9.6% in the fourth quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 1,841 shares in the last quarter. Kennedy Capital Management LLC lifted its stake in First Northwest Bancorp by 3.1% during the second 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 during the period. Pinnacle Holdings LLC boosted its holdings in First Northwest Bancorp by 18.0% during the fourth quarter. Pinnacle Holdings LLC now owns 84,928 shares of the financial services provider’s stock valued at $797,000 after purchasing an additional 12,928 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in First Northwest Bancorp by 5.6% during the fourth quarter. Renaissance Technologies LLC now owns 295,105 shares of the financial services provider’s stock valued at $2,768,000 after purchasing an additional 15,600 shares in the last quarter. Institutional investors and hedge funds own 66.11% of the company’s stock.

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.