First Northwest Bancorp (NASDAQ:FNWB) Stock Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• First Northwest Bancorp's stock price fell below its two hundred day moving average of $8.89, trading as low as $7.10 before closing at $7.54.
• Analysts have a consensus rating of "Moderate Buy" for the stock, with an average price target of $12.75, despite mixed ratings from brokerages.
• The company reported earnings of $0.42 per share for the recent quarter, significantly exceeding the consensus estimate of $0.09.

Shares of First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.89 and traded as low as $7.10. First Northwest Bancorp shares last traded at $7.54, with a volume of 29,083 shares.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FNWB shares. Piper Sandler reiterated a "neutral" rating on shares of First Northwest Bancorp in a report on Thursday, July 10th. Wall Street Zen raised First Northwest Bancorp to a "hold" rating in a research report on Saturday, June 14th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $12.75.

First Northwest Bancorp Trading Down 0.1%

The firm has a 50 day moving average of $7.70 and a 200-day moving average of $8.80. The firm has a market capitalization of $68.77 million, a P/E ratio of 182.55 and a beta of 0.73. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.30.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last issued its 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 return on equity of 0.25% and a net margin of 0.32%.The firm had revenue of $16.36 million for the quarter, compared to the consensus estimate of $16.80 million. On average, equities research analysts predict that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

Institutional Trading of First Northwest Bancorp

Large investors have recently made changes to their positions in the company. Huber Capital Management LLC acquired a new position in First Northwest Bancorp during the 1st quarter valued at about $154,000. Round Rock Advisors LLC bought a new stake in shares of First Northwest Bancorp in the 1st quarter worth approximately $108,000. Citadel Advisors LLC raised its holdings in 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 during the period. HoldCo Asset Management LP bought a new stake in First Northwest Bancorp during the 2nd quarter valued at $460,000. Finally, 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 valued at $7,218,000 after acquiring an additional 73,578 shares during the period. 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.