First Northwest Bancorp (NASDAQ:FNWB) Shares Cross Below 50 Day Moving Average - Here's Why

Shares of First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) 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.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FNWB shares. Wall Street Zen raised First Northwest Bancorp to a "hold" rating in a research note on Saturday, June 14th. Piper Sandler increased 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 report on Tuesday, April 29th.

First Northwest Bancorp Trading Down 1.6%

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.10. The business has a 50 day moving average price of $8.78 and a 200-day moving average price of $9.86. The firm has a market cap of $74.20 million, a price-to-earnings ratio of -35.73 and a beta of 0.68.

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 analysts' consensus estimates 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 business had revenue of $17.94 million during the quarter, compared to analyst estimates of $16.40 million. As a group, research analysts expect that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

First Northwest Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, May 9th. This represents a $0.28 annualized dividend and a yield of 3.56%. First Northwest Bancorp's dividend payout ratio is presently -127.27%.

Institutional Trading of First Northwest Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership grew its holdings in First Northwest Bancorp by 48.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider's stock worth $489,000 after acquiring an additional 15,622 shares in the last quarter. Kennedy Capital Management LLC increased 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 valued at $770,000 after buying an additional 22,788 shares during the last quarter. Huber Capital Management LLC acquired a new stake in First Northwest Bancorp during the first quarter valued at approximately $154,000. Round Rock Advisors LLC bought a new position in First Northwest Bancorp during the 1st quarter worth approximately $108,000. Finally, Citadel Advisors LLC grew its position 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 acquiring an additional 860 shares in the last quarter. Institutional investors own 66.11% of the company's stock.

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.