First Northwest Bancorp (NASDAQ:FNWB) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of First Northwest Bancorp (NASDAQ:FNWB) in a research note released on Tuesday. The brokerage issued a hold rating on the financial services provider’s stock.

Several other brokerages also recently issued reports on FNWB. Hovde Group initiated coverage on First Northwest Bancorp in a report on Monday, January 13th. They issued an “outperform” rating and a $13.50 price target for the company. Piper Sandler boosted their price objective on First Northwest Bancorp from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd.

First Northwest Bancorp Stock Down 0.1 %

First Northwest Bancorp stock opened at $10.15 on Tuesday. The firm has a market capitalization of $94.98 million, a price-to-earnings ratio of -29.00 and a beta of 0.99. The company’s 50 day simple moving average is $10.66 and its 200 day simple moving average is $10.59. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 1.04. First Northwest Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $15.85.

First Northwest Bancorp (NASDAQ:FNWB) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.38). First Northwest Bancorp had a negative return on equity of 1.86% and a negative net margin of 2.38%. As a group, sell-side analysts anticipate that First Northwest Bancorp will post 0.5 EPS for the current year.

First Northwest Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Friday, February 14th. First Northwest Bancorp’s dividend payout ratio (DPR) is presently -80.00%.

Institutional Trading of First Northwest Bancorp

A number of institutional investors have recently modified their holdings of FNWB. Jacobs Levy Equity Management Inc. bought a new position in shares of First Northwest Bancorp during the third quarter worth about $350,000. Barclays PLC boosted its position in First Northwest Bancorp by 60.5% during the 3rd quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 2,568 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of First Northwest Bancorp during the 4th quarter worth approximately $277,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of First Northwest Bancorp by 48.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 15,622 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its position in shares of First Northwest Bancorp by 43.3% in the fourth quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider’s stock worth $770,000 after purchasing an additional 22,788 shares in the last quarter. 66.11% of the stock is currently owned by institutional investors.

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.