First Northwest Bancorp (NASDAQ:FNWB) Stock Price Expected to Rise, Piper Sandler Analyst Says

First Northwest Bancorp (NASDAQ:FNWB - Free Report) had its price objective boosted by Piper Sandler from $11.50 to $12.00 in a report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the financial services provider's stock.

Other equities research analysts have also recently issued reports about the stock. StockNews.com started coverage on shares of First Northwest Bancorp in a research report on Thursday, April 17th. They issued a "hold" rating for the company. Hovde Group started coverage on shares of First Northwest Bancorp in a report on Monday, January 13th. They set an "outperform" rating and a $13.50 target price on the stock.

First Northwest Bancorp Price Performance

First Northwest Bancorp stock remained flat at $10.20 during midday trading on Tuesday. 6,092 shares of the company were exchanged, compared to its average volume of 21,028. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $96.30 million, a price-to-earnings ratio of -29.14 and a beta of 0.83. First Northwest Bancorp has a 12 month low of $8.91 and a 12 month high of $12.10. The stock has a 50-day simple moving average of $10.23 and a two-hundred day simple moving average of $10.51.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.17 EPS for the quarter, beating the consensus estimate of $0.12 by $0.05. First Northwest Bancorp had a negative return on equity of 1.86% and a negative net margin of 2.38%. The company had revenue of $17.94 million for the quarter, compared to the consensus estimate of $16.40 million. Equities research analysts predict that First Northwest Bancorp will post 0.5 EPS for the current year.

First Northwest Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, May 9th. First Northwest Bancorp's dividend payout ratio is currently -127.27%.

Institutional Investors Weigh In On First Northwest Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of FNWB. Barclays PLC increased its position in shares of First Northwest Bancorp by 60.5% during the third quarter. Barclays PLC now owns 6,815 shares of the financial services provider's stock worth $72,000 after purchasing an additional 2,568 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in 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 buying an additional 15,622 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of First Northwest Bancorp during the fourth quarter worth about $277,000. Kennedy Capital Management LLC raised its position in shares of First Northwest Bancorp by 43.3% in the 4th quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider's stock valued at $770,000 after purchasing an additional 22,788 shares during the last quarter. Finally, Round Rock Advisors LLC purchased a new stake in First Northwest Bancorp during the 1st quarter worth approximately $108,000. 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.