StockNews.com Initiates Coverage on First Northwest Bancorp (NASDAQ:FNWB)

StockNews.com assumed coverage on shares of First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) in a research report issued on Thursday. The brokerage set a "hold" rating on the financial services provider's stock.

Other equities research analysts have also recently issued reports about the company. Piper Sandler boosted their price objective on First Northwest Bancorp from $11.50 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday. Hovde Group assumed coverage on First Northwest Bancorp in a research note on Monday, January 13th. They issued an "outperform" rating and a $13.50 price objective on the stock.

First Northwest Bancorp Price Performance

Shares of NASDAQ:FNWB opened at $10.30 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.08. The stock's fifty day simple moving average is $10.25 and its two-hundred day simple moving average is $10.53. First Northwest Bancorp has a 1-year low of $8.91 and a 1-year high of $12.10. The stock has a market cap of $97.24 million, a PE ratio of -29.43 and a beta of 0.81.

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

Institutional Trading of First Northwest Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Kennedy Capital Management LLC raised its position in shares of First Northwest Bancorp by 43.3% during the 4th quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider's stock valued at $770,000 after buying an additional 22,788 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of First Northwest Bancorp by 48.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider's stock valued at $489,000 after buying an additional 15,622 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in First Northwest Bancorp in the fourth quarter worth $277,000. Citadel Advisors LLC lifted its stake in First Northwest Bancorp by 5.6% in the fourth quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider's stock worth $165,000 after purchasing an additional 860 shares during the last quarter. Finally, Round Rock Advisors LLC bought a new stake in First Northwest Bancorp in the first quarter worth $108,000. Hedge funds and other institutional investors own 66.11% of the company's stock.

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.

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