First Northwest Bancorp (NASDAQ:FNWB) Upgraded at StockNews.com

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Friday.

FNWB has been the subject of a number of other research reports. Hovde Group assumed coverage on First Northwest Bancorp in a research report on Monday, January 13th. They set an "outperform" rating and a $13.50 target price for the company. Piper Sandler lifted their price objective on First Northwest Bancorp from $11.50 to $12.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th.

First Northwest Bancorp Stock Up 0.6%

Shares of FNWB traded up $0.06 during mid-day trading on Friday, reaching $9.48. 8,545 shares of the stock traded hands, compared to its average volume of 20,634. 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 fifty day simple moving average of $10.13 and a 200 day simple moving average of $10.46. The firm has a market cap of $89.45 million, a price-to-earnings ratio of -27.07 and a beta of 0.83. First Northwest Bancorp has a 12-month low of $8.91 and a 12-month high of $12.10.

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

Institutional Investors Weigh In On First Northwest Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kennedy Capital Management LLC lifted its holdings in shares of First Northwest Bancorp by 43.3% in the fourth quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider's stock valued at $770,000 after purchasing an additional 22,788 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of First Northwest Bancorp by 48.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider's stock valued at $489,000 after acquiring an additional 15,622 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of First Northwest Bancorp in the 4th quarter valued at about $277,000. Citadel Advisors LLC lifted 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 acquiring an additional 860 shares during the last quarter. Finally, Round Rock Advisors LLC purchased a new position in First Northwest Bancorp during the 1st quarter valued at about $108,000. Institutional investors and hedge funds own 66.11% of the company's stock.

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.