First Northwest Bancorp (NASDAQ:FNWB) Stock Price Passes Below 200 Day Moving Average - Here's Why

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.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

A number of research analysts have commented on the company. Piper Sandler restated a "neutral" rating on shares of First Northwest Bancorp in a research note on Thursday, July 10th. Wall Street Zen upgraded First Northwest Bancorp to a "hold" rating in a report on Saturday, June 14th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, First Northwest Bancorp presently has a consensus rating of "Moderate Buy" and an average price target of $12.75.

First Northwest Bancorp Stock Performance

The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $68.67 million, a P/E ratio of 182.30 and a beta of 0.73. The firm has a 50 day moving average price of $7.74 and a 200-day moving average price of $8.84.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC lifted its position 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 worth $165,000 after acquiring an additional 860 shares during the last quarter. Round Rock Advisors LLC bought a new position in shares of First Northwest Bancorp in the first quarter worth about $108,000. Huber Capital Management LLC acquired a new position in shares of First Northwest Bancorp during the 1st quarter worth about $154,000. Bensler LLC bought a new stake in First Northwest Bancorp during the 2nd quarter valued at approximately $89,000. Finally, Kennedy Capital Management LLC grew its holdings 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 buying an additional 10,026 shares during the last quarter. 66.11% of the stock is currently owned by institutional investors and hedge funds.

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.