First Northwest Bancorp (NASDAQ:FNWB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of First Northwest Bancorp (NASDAQ:FNWB - Free Report) to a hold rating in a research note released on Saturday.

Separately, Piper Sandler raised their target price on First Northwest Bancorp from $11.50 to $12.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th.

First Northwest Bancorp Stock Down 7.3%

NASDAQ FNWB traded down $0.63 on Friday, reaching $8.02. The company had a trading volume of 20,265 shares, compared to its average volume of 20,859. The stock has a market capitalization of $75.71 million, a P/E ratio of -22.91 and a beta of 0.72. The company's fifty day moving average is $9.50 and its 200 day moving average is $10.21. First Northwest Bancorp has a 52-week low of $8.02 and a 52-week high of $12.10. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.17 earnings per share (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 firm had revenue of $17.94 million during the quarter, compared to analyst estimates of $16.40 million. Sell-side analysts anticipate that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

First Northwest Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend was Friday, May 9th. First Northwest Bancorp's dividend payout ratio (DPR) is currently -127.27%.

Institutional Investors Weigh In On First Northwest Bancorp

Several large investors have recently added to or reduced their stakes in FNWB. Huber Capital Management LLC bought a new position in First Northwest Bancorp in the 1st quarter worth about $154,000. Round Rock Advisors LLC bought a new position in First Northwest Bancorp in the 1st quarter worth about $108,000. Citadel Advisors LLC boosted its stake in First Northwest Bancorp by 5.6% in the 4th quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider's stock worth $165,000 after purchasing an additional 860 shares during the period. Kennedy Capital Management LLC boosted its stake in 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 worth $770,000 after purchasing an additional 22,788 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in First Northwest Bancorp by 48.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider's stock worth $489,000 after purchasing an additional 15,622 shares during the period. Hedge funds and other institutional investors own 66.11% of the company's stock.

About First Northwest Bancorp

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.