Wall Street Zen Upgrades First Northwest Bancorp (NASDAQ:FNWB) to “Hold”

First Northwest Bancorp (NASDAQ:FNWB) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

A number of other analysts also recently issued reports on the company. Zacks Research raised First Northwest Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of First Northwest Bancorp in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $13.50.

First Northwest Bancorp Stock Up 0.6%

First Northwest Bancorp stock opened at $8.70 on Friday. The company has a market cap of $82.22 million, a P/E ratio of 12.08 and a beta of 0.57. First Northwest Bancorp has a 1-year low of $6.05 and a 1-year high of $10.98. The company has a fifty day simple moving average of $9.74 and a 200 day simple moving average of $9.19. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.96.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.04 earnings per share (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 4.18%. The business had revenue of $18.38 million during the quarter, compared to analyst estimates of $17.15 million. Research analysts anticipate that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other First Northwest Bancorp news, CEO Curt Queyrouze purchased 4,770 shares of First Northwest Bancorp stock in a transaction that occurred on Friday, February 6th. The stock was acquired at an average price of $10.41 per share, for a total transaction of $49,655.70. Following the completion of the acquisition, the chief executive officer owned 54,770 shares of the company’s stock, valued at approximately $570,155.70. This trade represents a 9.54% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 5.47% of the company’s stock.

Institutional Trading of First Northwest Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of FNWB. Bensler LLC lifted its position in shares of First Northwest Bancorp by 11.0% in the third quarter. Bensler LLC now owns 12,868 shares of the financial services provider’s stock valued at $101,000 after buying an additional 1,276 shares during the last quarter. Empowered Funds LLC increased 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 worth $197,000 after acquiring an additional 1,841 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of First Northwest Bancorp during the 4th quarter worth approximately $199,000. Bridgeway Capital Management LLC raised its stake in First Northwest Bancorp by 13.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider’s stock valued at $418,000 after acquiring an additional 5,441 shares during the period. Finally, HoldCo Asset Management LP bought a new stake in First Northwest Bancorp in the 2nd quarter valued at $460,000. Institutional investors 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.