First Northwest Bancorp (NASDAQ:FNWB) CEO Acquires $49,655.70 in Stock

First Northwest Bancorp (NASDAQ:FNWB) CEO Curt Queyrouze bought 4,770 shares of the business’s stock in a transaction on Friday, February 6th. The shares were acquired at an average price of $10.41 per share, for a total transaction of $49,655.70. Following the completion of the transaction, the chief executive officer owned 54,770 shares in the company, valued at approximately $570,155.70. This trade represents a 9.54% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

First Northwest Bancorp Stock Down 0.5%

Shares of NASDAQ FNWB opened at $10.21 on Thursday. First Northwest Bancorp has a 1 year low of $6.05 and a 1 year high of $12.10. The firm’s 50-day moving average is $10.01 and its 200-day moving average is $8.84. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $96.59 million, a PE ratio of 14.18 and a beta of 0.58.

First Northwest Bancorp (NASDAQ:FNWB) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.05). First Northwest Bancorp had a net margin of 5.35% and a return on equity of 4.23%. The business had revenue of $18.38 million during the quarter, compared to analyst estimates of $17.15 million. Equities analysts expect that First Northwest Bancorp will post 0.5 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on FNWB. UBS Group raised First Northwest Bancorp to a “neutral” rating in a research note on Friday, November 7th. Wall Street Zen raised First Northwest Bancorp to a “hold” rating in a research note on Saturday, January 10th. 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 note on Friday, November 7th. Zacks Research upgraded shares of First Northwest Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of First Northwest Bancorp in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.50.

Institutional Trading of First Northwest Bancorp

Hedge funds have recently bought and sold shares of the stock. Bensler LLC acquired a new position in shares of First Northwest Bancorp in the second quarter valued at approximately $89,000. Kennedy Capital Management LLC lifted its position in 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 acquiring an additional 10,026 shares in the last quarter. Fourthstone LLC boosted its stake in First Northwest Bancorp by 8.5% in the 2nd quarter. Fourthstone LLC now owns 937,390 shares of the financial services provider’s stock worth $7,218,000 after purchasing an additional 73,578 shares during the period. HoldCo Asset Management LP bought a new position in First Northwest Bancorp during the 2nd quarter worth about $460,000. Finally, Pinnacle Holdings LLC raised its stake in shares of First Northwest Bancorp by 53.2% in the 3rd quarter. Pinnacle Holdings LLC now owns 72,000 shares of the financial services provider’s stock valued at $567,000 after purchasing an additional 25,000 shares during the period. 66.11% of the stock is currently owned by institutional investors and hedge funds.

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.