First Northwest Bancorp (NASDAQ:FNWB) Stock Rating Upgraded by Wall Street Zen

First Northwest Bancorp (NASDAQ:FNWB) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

FNWB has been the subject of several other reports. Weiss Ratings restated a “sell (d-)” rating on shares of First Northwest Bancorp in a research note on Monday, December 29th. Zacks Research upgraded First Northwest Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.50.

First Northwest Bancorp Stock Down 0.1%

First Northwest Bancorp stock opened at $8.69 on Friday. The stock has a market cap of $82.12 million, a P/E ratio of 12.07 and a beta of 0.57. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.96. First Northwest Bancorp has a twelve month low of $6.05 and a twelve month high of $10.98. The company’s 50-day moving average price is $9.71 and its two-hundred day moving average price is $9.22.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). First Northwest Bancorp had a return on equity of 4.18% and a net margin of 5.35%.The firm had revenue of $18.38 million for the quarter, compared to the consensus estimate of $17.15 million. As a group, analysts expect that First Northwest Bancorp will post 0.5 EPS for the current year.

Insider Buying and Selling at First Northwest Bancorp

In other First Northwest Bancorp news, CEO Curt Queyrouze purchased 4,770 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was bought at an average cost 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 represents a 9.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 5.47% of the company’s stock.

Hedge Funds Weigh In On First Northwest Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. Fourthstone LLC raised its holdings in First Northwest Bancorp by 8.1% in the 4th quarter. Fourthstone LLC now owns 939,429 shares of the financial services provider’s stock valued at $8,812,000 after acquiring an additional 70,337 shares in the last quarter. Kennedy Capital Management LLC grew its holdings in shares of First Northwest Bancorp by 3.1% during the 2nd quarter. Kennedy Capital Management LLC now owns 334,625 shares of the financial services provider’s stock worth $2,577,000 after purchasing an additional 10,026 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of First Northwest Bancorp by 5.6% during the 4th quarter. Renaissance Technologies LLC now owns 295,105 shares of the financial services provider’s stock worth $2,768,000 after purchasing an additional 15,600 shares in the last quarter. Pinnacle Holdings LLC increased its position in shares of First Northwest Bancorp by 18.0% in the fourth quarter. Pinnacle Holdings LLC now owns 84,928 shares of the financial services provider’s stock worth $797,000 after purchasing an additional 12,928 shares during the period. Finally, HoldCo Asset Management LP bought a new position in shares of First Northwest Bancorp in the second quarter worth $460,000. 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.