First Northwest Bancorp (NASDAQ:FNWB) Given Average Recommendation of "Hold" by Analysts

First Northwest Bancorp (NASDAQ:FNWB) has received a consensus recommendation of "Hold" from five analysts. Two analysts rated it as a sell, one as hold, and two as buy. The average target price is $13.50. Recent ratings include UBS upgrading to "neutral" and Zacks downgrading to "strong sell." The stock rose 3.9% to $9.16, with a market cap of $86.29 million. The company reported earnings of $0.09 per share, missing estimates. Institutional investors own 66.11% of the stock, with significant recent investments noted.

Shares of First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) have been assigned a consensus recommendation of "Hold" from the five ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $13.50.

Several equities research analysts have recently weighed in on the stock. UBS Group raised shares of First Northwest Bancorp to a "neutral" rating in a research report on Friday. Zacks Research lowered shares of First Northwest Bancorp from a "hold" rating to a "strong sell" rating in a research report on Friday, October 31st. Piper Sandler raised shares of First Northwest Bancorp from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $10.50 to $13.50 in a research report on Friday. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of First Northwest Bancorp in a research report on Friday, October 31st.

View Our Latest Analysis on FNWB

Hedge Funds Weigh In On First Northwest Bancorp

A number of large investors have recently added to or reduced their stakes in the stock. Round Rock Advisors LLC acquired a new position in shares of First Northwest Bancorp in the first quarter valued at approximately $108,000. Bensler LLC acquired a new position in shares of First Northwest Bancorp in the second quarter worth $89,000. Huber Capital Management LLC purchased a new stake in shares of First Northwest Bancorp during the first quarter worth $154,000. HoldCo Asset Management LP acquired a new stake in shares of First Northwest Bancorp in the second quarter valued at $460,000. Finally, Kennedy Capital Management LLC boosted its holdings in First Northwest Bancorp by 3.1% in the second quarter. Kennedy Capital Management LLC now owns 334,625 shares of the financial services provider's stock valued at $2,577,000 after purchasing an additional 10,026 shares during the period. 66.11% of the stock is currently owned by institutional investors and hedge funds.

First Northwest Bancorp Trading Up 3.9%

Shares of NASDAQ:FNWB traded up $0.34 during midday trading on Friday, hitting $9.16. 10,090 shares of the stock traded hands, compared to its average volume of 23,147. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.30. The business's 50 day moving average is $7.86 and its two-hundred day moving average is $8.28. The stock has a market capitalization of $86.29 million, a PE ratio of 25.44 and a beta of 0.79. First Northwest Bancorp has a one year low of $6.05 and a one year high of $12.10.

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last announced its quarterly earnings results on Monday, October 27th. The financial services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.09). First Northwest Bancorp had a net margin of 2.67% and a return on equity of 2.11%. The firm had revenue of $16.57 million for the quarter, compared to the consensus estimate of $17.25 million. As a group, research analysts forecast that First Northwest Bancorp will post 0.5 earnings per share for the current year.

First Northwest Bancorp Company Profile

(Get Free Report)

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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