Weiss Ratings Reiterates "Sell (E+)" Rating for First Northwest Bancorp (NASDAQ:FNWB)

Key Points

• Weiss Ratings has reiterated a "Sell (E+)" rating for First Northwest Bancorp (NASDAQ:FNWB) as of a recent research note to investors.
• First Northwest Bancorp's stock has a consensus rating of "Hold" from analysts with an average target price of $12.75.
• The company reported earnings of $0.42 per share for the last quarter, exceeding analysts' expectations of $0.09, while revenue fell short at $16.36 million.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report)'s stock had its "sell (e+)" rating reiterated by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently commented on FNWB. Piper Sandler reiterated a "neutral" rating on shares of First Northwest Bancorp in a report on Thursday, July 10th. Wall Street Zen upgraded shares of First Northwest Bancorp to a "hold" rating in a report on Saturday, June 14th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, First Northwest Bancorp currently has a consensus rating of "Hold" and an average target price of $12.75.

First Northwest Bancorp Price Performance

FNWB stock opened at $7.90 on Wednesday. First Northwest Bancorp has a one year low of $6.05 and a one year high of $12.10. The firm has a 50-day moving average of $7.64 and a two-hundred day moving average of $8.54. The firm has a market capitalization of $74.42 million, a PE ratio of 197.55 and a beta of 0.70. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.30.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last announced its earnings results on Thursday, July 24th. The financial services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.09 by $0.33. First Northwest Bancorp had a net margin of 0.32% and a return on equity of 0.25%. The company had revenue of $16.36 million during the quarter, compared to analysts' expectations of $16.80 million. On average, analysts forecast that First Northwest Bancorp will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On First Northwest Bancorp

A number of large investors have recently made changes to their positions in FNWB. Bensler LLC acquired a new position in shares of First Northwest Bancorp in the 2nd quarter valued at about $89,000. Round Rock Advisors LLC bought a new stake in shares of First Northwest Bancorp in the 1st quarter valued at approximately $108,000. Huber Capital Management LLC bought a new stake in shares of First Northwest Bancorp in the 1st quarter valued at approximately $154,000. HoldCo Asset Management LP bought a new stake in shares of First Northwest Bancorp in the 2nd quarter valued at approximately $460,000. Finally, Kennedy Capital Management LLC grew its stake in shares of First Northwest Bancorp by 3.1% in the 2nd quarter. Kennedy Capital Management LLC now owns 334,625 shares of the financial services provider's stock valued at $2,577,000 after buying an additional 10,026 shares in the last quarter. 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.

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