First Northwest Bancorp (NASDAQ:FNWB) Stock Passes Below 50-Day Moving Average - Here's What Happened

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $9.94 and traded as low as $8.91. First Northwest Bancorp shares last traded at $8.91, with a volume of 41,199 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of First Northwest Bancorp from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. Piper Sandler lifted their price target on shares of First Northwest Bancorp from $11.50 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th.

First Northwest Bancorp Trading Up 0.5%

The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $83.64 million, a P/E ratio of -25.31 and a beta of 0.83. The firm's 50 day simple moving average is $9.86 and its two-hundred day simple moving average is $10.38.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.05. The firm had revenue of $17.94 million during the quarter, compared to analysts' expectations of $16.40 million. First Northwest Bancorp had a negative net margin of 2.38% and a negative return on equity of 1.86%. As a group, analysts forecast that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

First Northwest Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Friday, May 9th. First Northwest Bancorp's dividend payout ratio is currently -127.27%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its position in 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 acquiring an additional 15,622 shares during the period. Kennedy Capital Management LLC grew its stake in First Northwest Bancorp by 43.3% in the 4th quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider's stock worth $770,000 after buying an additional 22,788 shares in the last quarter. Huber Capital Management LLC purchased a new position in First Northwest Bancorp in the 1st quarter worth approximately $154,000. Round Rock Advisors LLC purchased a new stake in shares of First Northwest Bancorp in the 1st quarter valued at $108,000. Finally, Citadel Advisors LLC boosted its stake in shares of First Northwest Bancorp by 5.6% in the 4th quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider's stock valued at $165,000 after purchasing an additional 860 shares in the last quarter. 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.