First Northwest Bancorp (NASDAQ:FNWB) Rating Increased to Hold at Wall Street Zen

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

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

First Northwest Bancorp Stock Performance

Shares of NASDAQ FNWB traded down $0.29 during midday trading on Friday, hitting $7.73. The company's stock had a trading volume of 63,335 shares, compared to its average volume of 21,068. The stock has a fifty day moving average price of $9.41 and a 200 day moving average price of $10.16. First Northwest Bancorp has a one year low of $7.67 and a one year high of $12.10. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $72.97 million, a price-to-earnings ratio of -35.14 and a beta of 0.72.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last posted its quarterly 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 net margin of 1.47% and a negative return on equity of 1.20%. The company had revenue of $17.94 million for the quarter, compared to analyst estimates of $16.40 million. On average, research analysts forecast that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

First Northwest Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date was Friday, May 9th. First Northwest Bancorp's dividend payout ratio (DPR) is presently -127.27%.

Institutional Trading of First Northwest Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of FNWB. Kennedy Capital Management LLC increased its holdings in First Northwest Bancorp by 43.3% during the 4th quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider's stock worth $770,000 after acquiring an additional 22,788 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of 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 buying an additional 15,622 shares during the last quarter. Huber Capital Management LLC bought a new position in shares of First Northwest Bancorp in the 1st quarter worth $154,000. Round Rock Advisors LLC bought a new position in shares of First Northwest Bancorp in the 1st quarter worth $108,000. Finally, Citadel Advisors LLC increased its holdings in shares of 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 buying an additional 860 shares during the last quarter. 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.