First Northwest Bancorp (NASDAQ:FNWB) Stock Price Passes Above 50-Day Moving Average - What's Next?

Key Points

• First Northwest Bancorp's stock price crossed above its fifty-day moving average of $7.65, reaching a high of $7.87 during trading.
• The company recently reported earnings per share (EPS) of $0.42, significantly exceeding analysts' expectations of $0.09.
• Analysts have issued a consensus rating of "Hold" for the stock, with a price target of $12.75, reflecting mixed opinions among research firms.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.65 and traded as high as $7.87. First Northwest Bancorp shares last traded at $7.79, with a volume of 10,749 shares traded.

Analysts Set New Price Targets

Several research firms have issued reports on FNWB. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of First Northwest Bancorp in a report on Wednesday, October 8th. Piper Sandler reiterated a "neutral" rating on shares of First Northwest Bancorp in a report on Thursday, July 10th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $12.75.

First Northwest Bancorp Stock Performance

The stock has a fifty day simple moving average of $7.65 and a 200-day simple moving average of $8.43. The stock has a market cap of $73.38 million, a P/E ratio of 194.80 and a beta of 0.70. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.04 and a current ratio of 1.04.

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

Hedge Funds Weigh In On First Northwest Bancorp

Hedge funds have recently modified their holdings of the stock. Huber Capital Management LLC bought a new position in shares of First Northwest Bancorp in the 1st quarter valued at about $154,000. Round Rock Advisors LLC bought a new position in shares of First Northwest Bancorp in the 1st quarter valued at about $108,000. HoldCo Asset Management LP bought a new position in shares of First Northwest Bancorp in the 2nd quarter valued at about $460,000. Fourthstone LLC grew its holdings in shares of First Northwest Bancorp by 8.5% in the 2nd quarter. Fourthstone LLC now owns 937,390 shares of the financial services provider's stock valued at $7,218,000 after acquiring an additional 73,578 shares in the last quarter. Finally, Kennedy Capital Management LLC lifted its stake in First Northwest Bancorp by 3.1% in the 2nd quarter. Kennedy Capital Management LLC now owns 334,625 shares of the financial services provider's stock valued at $2,577,000 after purchasing an additional 10,026 shares during the last quarter. Institutional investors own 66.11% of the company's stock.

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.

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