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

StockNews.com started coverage on shares of First Northwest Bancorp (NASDAQ:FNWB - Free Report) in a report released on Thursday. The brokerage issued a hold rating on the financial services provider's stock.

FNWB has been the subject of a number of other research reports. Hovde Group began 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. Piper Sandler boosted their price target on shares of First Northwest Bancorp from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd.

First Northwest Bancorp Trading Up 2.1 %

NASDAQ FNWB traded up $0.20 on Thursday, reaching $9.81. The stock had a trading volume of 11,610 shares, compared to its average volume of 21,270. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08. The stock has a fifty day moving average price of $10.40 and a two-hundred day moving average price of $10.52. First Northwest Bancorp has a 12-month low of $8.91 and a 12-month high of $12.10. The firm has a market capitalization of $92.62 million, a price-to-earnings ratio of -28.03 and a beta of 0.81.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last posted its earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate 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 forecast that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

First Northwest Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date was Friday, February 14th. First Northwest Bancorp's dividend payout ratio is presently -80.00%.

Hedge Funds Weigh In On First Northwest Bancorp

Several large investors have recently bought and sold shares of FNWB. Barclays PLC increased its holdings in shares of First Northwest Bancorp by 60.5% in the 3rd quarter. Barclays PLC now owns 6,815 shares of the financial services provider's stock valued at $72,000 after acquiring an additional 2,568 shares during the last quarter. Citadel Advisors LLC increased its stake in First Northwest Bancorp by 5.6% in 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 during the period. FNY Investment Advisers LLC purchased a new stake in shares of First Northwest Bancorp in the fourth quarter valued at about $277,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of 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 buying an additional 15,622 shares during the period. Finally, Kennedy Capital Management LLC grew its holdings in shares of First Northwest Bancorp by 43.3% during the fourth 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 last quarter. Hedge funds and other 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.