First Northwest Bancorp (NASDAQ:FNWB) Upgraded to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded First Northwest Bancorp from “sell” to “hold,” while the broader analyst consensus remains “Hold” with an average price target of $15.00.
• The company reported quarterly EPS of $0.03, beating estimates of $0.01, though revenue of $16.18 million came in below the $16.95 million consensus forecast.
• FNWB shares opened at $11.51, with a 52-week range of $6.90 to $12.52; institutional investors own approximately 66.11% of the company’s stock.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Several other equities research analysts have also recently weighed in on FNWB. Piper Sandler boosted their price objective on First Northwest Bancorp from $13.50 to $15.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Weiss Ratings raised First Northwest Bancorp from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, First Northwest Bancorp currently has a consensus rating of "Hold" and an average target price of $15.00.

First Northwest Bancorp Stock Performance

Shares of NASDAQ:FNWB opened at $11.51 on Friday. First Northwest Bancorp has a 52 week low of $6.90 and a 52 week high of $12.52. The stock has a market capitalization of $109.34 million, a P/E ratio of 71.94 and a beta of 0.63. The firm has a fifty day simple moving average of $11.11 and a two-hundred day simple moving average of $10.19. The company has a quick ratio of 1.06, a current ratio of 1.04 and a debt-to-equity ratio of 1.98.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. First Northwest Bancorp had a net margin of 1.32% and a return on equity of 0.96%. The firm had revenue of $16.18 million for the quarter, compared to analysts' expectations of $16.95 million. On average, analysts expect that First Northwest Bancorp will post 0.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Northwest Bancorp

Institutional investors have recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in shares of First Northwest Bancorp by 9.6% during the 4th quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider's stock worth $197,000 after purchasing an additional 1,841 shares during the period. Jane Street Group LLC purchased a new stake in First Northwest Bancorp in the 4th quarter worth about $199,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in First Northwest Bancorp in the second quarter worth about $345,000. Bridgeway Capital Management LLC lifted its stake in First Northwest Bancorp by 13.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider's stock worth $418,000 after purchasing an additional 5,441 shares during the last quarter. Finally, Arcus Capital Partners LLC lifted its stake in First Northwest Bancorp by 115.5% in the first quarter. Arcus Capital Partners LLC now owns 56,987 shares of the financial services provider's stock worth $495,000 after purchasing an additional 30,543 shares during the last quarter. Institutional investors own 66.11% of the company's stock.

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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