First Northwest Bancorp (NASDAQ:FNWB) Downgraded by Wall Street Zen to "Hold"

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

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

First Northwest Bancorp Stock Up 1.8%

NASDAQ:FNWB traded up $0.16 during mid-day trading on Friday, hitting $9.26. 8,244 shares of the company's stock traded hands, compared to its average volume of 20,554. The company has a fifty day moving average of $10.02 and a 200 day moving average of $10.43. First Northwest Bancorp has a twelve month low of $8.91 and a twelve month high of $12.10. The company has a market capitalization of $87.41 million, a P/E ratio of -26.46 and a beta of 0.83. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.04 and a current ratio of 1.04.

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. The company had revenue of $17.94 million for the quarter, compared to analyst estimates of $16.40 million. First Northwest Bancorp had a negative return on equity of 1.86% and a negative net margin of 2.38%. On average, analysts forecast that First Northwest Bancorp will post 0.5 EPS for the current year.

First Northwest Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, May 9th. This represents a $0.28 dividend on an annualized basis and a yield of 3.02%. First Northwest Bancorp's payout ratio is -127.27%.

Hedge Funds Weigh In On First Northwest Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC increased its stake in First Northwest Bancorp by 5.6% during the fourth quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider's stock worth $165,000 after acquiring an additional 860 shares during the last quarter. Barclays PLC grew its stake in shares of First Northwest Bancorp by 60.5% in the third quarter. Barclays PLC now owns 6,815 shares of the financial services provider's stock valued at $72,000 after buying an additional 2,568 shares in the last quarter. Round Rock Advisors LLC acquired a new stake in shares of First Northwest Bancorp in the first quarter valued at $108,000. Huber Capital Management LLC acquired a new stake in shares of First Northwest Bancorp in the first quarter valued at $154,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of 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 in the last quarter. 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.