First Northwest Bancorp (NASDAQ:FNWB) Stock Price Crosses Below 50 Day Moving Average - Here's What Happened

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.78 and traded as low as $7.99. First Northwest Bancorp shares last traded at $7.99, with a volume of 3,615 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FNWB shares. Piper Sandler reiterated a "neutral" rating on shares of First Northwest Bancorp in a research note on Thursday. Wall Street Zen raised shares of First Northwest Bancorp to a "hold" rating in a report on Saturday, June 14th.

First Northwest Bancorp Stock Performance

The stock has a market capitalization of $75.80 million, a P/E ratio of -36.50 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. The company's fifty day simple moving average is $8.59 and its two-hundred day simple moving average is $9.81.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.05. The firm had revenue of $17.94 million for the quarter, compared to analysts' expectations of $16.40 million. First Northwest Bancorp had a negative net margin of 1.47% and a negative return on equity of 1.20%. As a group, equities analysts forecast that First Northwest Bancorp will post 0.5 EPS for the current year.

First Northwest Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a $0.07 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.49%. First Northwest Bancorp's payout ratio is -127.27%.

Institutional Investors Weigh In On First Northwest Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC boosted its holdings in shares of First Northwest Bancorp by 5.6% during the 4th quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider's stock valued at $165,000 after acquiring an additional 860 shares in the last quarter. Round Rock Advisors LLC acquired a new position in First Northwest Bancorp in the 1st quarter worth about $108,000. Huber Capital Management LLC acquired a new position in First Northwest Bancorp in the 1st quarter worth about $154,000. Arrowstreet Capital Limited Partnership increased its holdings 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 in the last quarter. Finally, Kennedy Capital Management LLC increased its holdings 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 in the last quarter. 66.11% of the stock is currently owned by institutional investors and hedge funds.

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.