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First Northwest Bancorp (NASDAQ:FNWB) Announces Quarterly Earnings Results, Beats Estimates By $0.33 EPS

First Northwest Bancorp logo with Finance background

Key Points

  • First Northwest Bancorp reported earnings per share (EPS) of $0.42, exceeding estimates by $0.33, while revenues were slightly below expectations at $16.36 million.
  • The company has a market capitalization of $72.97 million and a high price-to-earnings (PE) ratio of 193.30, indicating potential overvaluation concerns.
  • Equity research analysts have reacted by upgrading their ratings; Wall Street Zen now rates the stock as a "hold" and Piper Sandler maintains a "neutral" stance.
  • Want stock alerts on First Northwest Bancorp? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) posted its quarterly earnings data on Thursday. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.09 by $0.33, Zacks reports. The business had revenue of $16.36 million during the quarter, compared to analyst estimates of $16.80 million. First Northwest Bancorp had a net margin of 0.32% and a return on equity of 0.25%.

First Northwest Bancorp Stock Performance

First Northwest Bancorp stock traded down $0.09 during trading hours on Wednesday, reaching $7.75. 8,043 shares of the stock were exchanged, compared to its average volume of 22,088. The firm's 50 day moving average is $8.16 and its 200 day moving average is $9.62. The stock has a market cap of $73.16 million, a P/E ratio of 193.80 and a beta of 0.68. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.01 and a current ratio of 1.01. First Northwest Bancorp has a 52-week low of $6.05 and a 52-week high of $12.10.

Wall Street Analysts Forecast Growth

FNWB has been the subject of several recent analyst reports. Piper Sandler restated a "neutral" rating on shares of First Northwest Bancorp in a research note on Thursday, July 10th. Wall Street Zen raised shares of First Northwest Bancorp to a "hold" rating in a research report on Saturday, June 14th.

Check Out Our Latest Analysis on First Northwest Bancorp

First Northwest Bancorp Company Profile

(Get Free Report)

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.

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Earnings History for First Northwest Bancorp (NASDAQ:FNWB)

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