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

Key Points

• First Northwest Bancorp's stock price fell below its 200-day moving average of $9.05, closing at $7.20 on Thursday.
• Analysts have a consensus rating of "Moderate Buy" for FNWB shares, with a price target set at $12.75.
• The company reported earnings of $0.42 per share for the last quarter, significantly exceeding analysts' expectations of $0.09.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.05 and traded as low as $6.98. First Northwest Bancorp shares last traded at $7.20, with a volume of 33,849 shares traded.

Analyst Upgrades and Downgrades

FNWB has been the subject of several recent research reports. Piper Sandler restated a "neutral" rating on shares of First Northwest Bancorp in a report on Thursday, July 10th. Wall Street Zen raised shares of First Northwest Bancorp to a "hold" rating in a research report on Saturday, June 14th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $12.75.

First Northwest Bancorp Trading Up 0.1%

The business's 50 day moving average price is $7.81 and its two-hundred day moving average price is $8.95. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.30. The company has a market capitalization of $66.36 million, a price-to-earnings ratio of 176.17 and a beta of 0.73.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.33. First Northwest Bancorp had a net margin of 0.32% and a return on equity of 0.25%. The company had revenue of $16.36 million for the quarter, compared to the consensus estimate of $16.80 million. On average, equities analysts predict that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Northwest Bancorp

Several hedge funds have recently added to or reduced their stakes in FNWB. HoldCo Asset Management LP bought a new position in First Northwest Bancorp during the 2nd quarter worth approximately $460,000. Fourthstone LLC raised its holdings in First Northwest Bancorp by 8.5% during the 2nd quarter. Fourthstone LLC now owns 937,390 shares of the financial services provider's stock worth $7,218,000 after purchasing an additional 73,578 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in First Northwest Bancorp by 3.1% during the 2nd quarter. Kennedy Capital Management LLC now owns 334,625 shares of the financial services provider's stock worth $2,577,000 after purchasing an additional 10,026 shares during the last quarter. Bensler LLC bought a new position in First Northwest Bancorp during the 2nd quarter worth approximately $89,000. Finally, Huber Capital Management LLC bought a new position in First Northwest Bancorp during the 1st quarter worth approximately $154,000. 66.11% of the stock is currently owned by institutional investors and hedge funds.

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.