First Northwest Bancorp (NASDAQ:FNWB) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Wall Street Zen upgraded First Northwest Bancorp from a "sell" to a "hold," and the stock's consensus analyst rating is currently Hold with a consensus price target of $13.50.
• The company reported quarterly EPS of $0.04, missing the consensus by $0.05, while revenue of $18.38 million slightly exceeded estimates.
• CEO Curt Queyrouze purchased 4,770 shares at an average $10.41 on Feb. 6, increasing his stake to 54,770 shares (a 9.54% rise); insiders own about 5.47% of the stock.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Sunday.

Other analysts also recently issued reports about the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of First Northwest Bancorp in a research note on Friday, March 27th. Zacks Research raised shares of First Northwest Bancorp from a "strong sell" rating to a "hold" rating in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $13.50.

First Northwest Bancorp Price Performance

Shares of NASDAQ FNWB opened at $10.08 on Friday. First Northwest Bancorp has a 1 year low of $6.05 and a 1 year high of $10.98. The stock's 50-day simple moving average is $9.42 and its 200-day simple moving average is $9.50. The firm has a market cap of $95.76 million, a price-to-earnings ratio of 14.00 and a beta of 0.58. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.05 and a current ratio of 1.05.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last announced its earnings results on Thursday, January 29th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.05). First Northwest Bancorp had a net margin of 5.35% and a return on equity of 4.18%. The firm had revenue of $18.38 million for the quarter, compared to analyst estimates of $17.15 million. As a group, equities analysts anticipate that First Northwest Bancorp will post 0.4 earnings per share for the current fiscal year.

Insider Activity at First Northwest Bancorp

In related news, CEO Curt Queyrouze purchased 4,770 shares of the stock in a transaction dated Friday, February 6th. The shares were acquired at an average cost of $10.41 per share, for a total transaction of $49,655.70. Following the acquisition, the chief executive officer directly owned 54,770 shares in the company, valued at approximately $570,155.70. The trade was a 9.54% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.47% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On First Northwest Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Bensler LLC grew its holdings in shares of First Northwest Bancorp by 11.0% during the 3rd quarter. Bensler LLC now owns 12,868 shares of the financial services provider's stock valued at $101,000 after acquiring an additional 1,276 shares in the last quarter. Fourthstone LLC grew its holdings in shares of First Northwest Bancorp by 8.1% during the 4th quarter. Fourthstone LLC now owns 939,429 shares of the financial services provider's stock valued at $8,812,000 after acquiring an additional 70,337 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of First Northwest Bancorp by 5.6% during the 4th quarter. Renaissance Technologies LLC now owns 295,105 shares of the financial services provider's stock valued at $2,768,000 after acquiring an additional 15,600 shares in the last quarter. Pinnacle Holdings LLC grew its holdings in shares of First Northwest Bancorp by 18.0% during the 4th quarter. Pinnacle Holdings LLC now owns 84,928 shares of the financial services provider's stock valued at $797,000 after acquiring an additional 12,928 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its holdings in shares of First Northwest Bancorp by 13.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider's stock valued at $418,000 after acquiring an additional 5,441 shares in the last quarter. 66.11% of the stock is currently owned by hedge funds and other institutional investors.

About First Northwest Bancorp

First Northwest Bancorp is a bank holding company headquartered in Mountlake Terrace, Washington. Through its wholly owned subsidiary, First Northwest Bank, the company delivers a full spectrum of community banking services to individuals, families, and small to mid-sized businesses. Its operations are rooted in local decision-making and personalized client relationships, reflecting a community-oriented banking model.

On the retail side, First Northwest Bank offers a range of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.

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