First Northwest Bancorp (NASDAQ:FNWB) Rating Lowered to Hold at StockNews.com

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Saturday.

Separately, Piper Sandler lifted 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 Trading Down 0.8%

First Northwest Bancorp stock opened at $9.56 on Friday. The firm's 50 day moving average price is $10.08 and its 200-day moving average price is $10.45. First Northwest Bancorp has a 1 year low of $8.91 and a 1 year high of $12.10. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $90.26 million, a P/E ratio of -27.31 and a beta of 0.83.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.05. First Northwest Bancorp had a negative net margin of 2.38% and a negative return on equity of 1.86%. The firm had revenue of $17.94 million during the quarter, compared to analyst estimates of $16.40 million. On average, equities analysts predict that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

Institutional Trading of First Northwest Bancorp

A number of hedge funds have recently added to or reduced their stakes in FNWB. Barclays PLC lifted its stake in First Northwest Bancorp by 60.5% in the third quarter. Barclays PLC now owns 6,815 shares of the financial services provider's stock worth $72,000 after acquiring an additional 2,568 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings 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 worth $489,000 after purchasing an additional 15,622 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in First Northwest Bancorp by 43.3% in the fourth 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 in the last quarter. Citadel Advisors LLC raised its holdings in First Northwest Bancorp by 5.6% in the fourth 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 in the last quarter. Finally, Round Rock Advisors LLC purchased a new stake in First Northwest Bancorp during the 1st quarter worth approximately $108,000. 66.11% of the stock is owned by hedge funds and other institutional investors.

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.

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