First Northwest Bancorp (NASDAQ:FNWB) Share Price Crosses Below Fifty Day Moving Average - What's Next?

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.18 and traded as low as $7.45. First Northwest Bancorp shares last traded at $7.63, with a volume of 22,912 shares.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of First Northwest Bancorp to a "hold" rating in a research report on Saturday, June 14th. Piper Sandler upped 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 0.3%

The company's 50 day moving average price is $9.03 and its two-hundred day moving average price is $9.97. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $71.46 million, a PE ratio of -34.41 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 for the quarter, topping the consensus estimate of $0.12 by $0.05. The firm had revenue of $17.94 million for the quarter, compared to the consensus estimate 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, analysts expect that First Northwest Bancorp will post 0.5 earnings per share 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 paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Friday, May 9th. First Northwest Bancorp's dividend payout ratio is currently -127.27%.

Hedge Funds Weigh In On First Northwest Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of FNWB. Arrowstreet Capital Limited Partnership lifted 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 worth $489,000 after buying an additional 15,622 shares in the last quarter. Kennedy Capital Management LLC raised its stake in First Northwest Bancorp by 43.3% during 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 during the period. Citadel Advisors LLC raised 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 purchasing an additional 860 shares during the period. Round Rock Advisors LLC purchased a new position in First Northwest Bancorp during the first quarter worth about $108,000. Finally, Huber Capital Management LLC acquired a new position in First Northwest Bancorp in the 1st quarter valued at about $154,000. 66.11% of the stock is owned by hedge funds and other institutional investors.

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.