First Northwest Bancorp (NASDAQ:FNWB) Share Price Crosses Above 200 Day Moving Average – What’s Next?

First Northwest Bancorp (NASDAQ:FNWB)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $10.23 and traded as high as $10.37. First Northwest Bancorp shares last traded at $10.32, with a volume of 71,169 shares changing hands.

Analyst Upgrades and Downgrades

FNWB has been the topic of several analyst reports. Wall Street Zen upgraded First Northwest Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Piper Sandler increased their price target on First Northwest Bancorp from $13.50 to $15.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Weiss Ratings downgraded First Northwest Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.00.

First Northwest Bancorp Stock Up 5.7%

The firm has a market capitalization of $98.04 million, a P/E ratio of 64.50 and a beta of 0.63. The firm’s 50 day moving average is $10.27 and its two-hundred day moving average is $10.23. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.04 and a quick ratio of 1.04.

First Northwest Bancorp (NASDAQ:FNWB) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The business had revenue of $16.18 million during the quarter, compared to the consensus estimate of $16.95 million. First Northwest Bancorp had a net margin of 1.32% and a return on equity of 0.96%. Research analysts predict that First Northwest Bancorp will post 0.06 EPS for the current year.

Insider Activity at First Northwest Bancorp

In other news, Director Dana Behar sold 25,000 shares of First Northwest Bancorp stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $11.51, for a total transaction of $287,750.00. Following the completion of the transaction, the director directly owned 115,219 shares in the company, valued at approximately $1,326,170.69. The trade was a 17.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 4.14% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Empowered Funds LLC raised its stake in First Northwest Bancorp by 8.7% in the 1st quarter. Empowered Funds LLC now owns 22,793 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 1,822 shares during the period. Arcus Capital Partners LLC lifted its holdings in First Northwest Bancorp by 115.5% during the 1st quarter. Arcus Capital Partners LLC now owns 56,987 shares of the financial services provider’s stock valued at $495,000 after purchasing an additional 30,543 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in First Northwest Bancorp during the 2nd quarter valued at $345,000. Renaissance Technologies LLC boosted its position in First Northwest Bancorp by 14.6% during the first quarter. Renaissance Technologies LLC now owns 338,305 shares of the financial services provider’s stock worth $2,936,000 after purchasing an additional 43,200 shares during the period. Finally, Bank of America Corp DE bought a new position in First Northwest Bancorp during the second quarter worth $533,000. 66.11% of the stock is owned by institutional investors and hedge funds.

About First Northwest Bancorp

First Northwest Bancorp is the bank holding company for First Fed Bank, a community-focused financial institution headquartered in Port Angeles, Washington. First Fed Bank provides banking services to individuals, families, businesses and nonprofit organizations in communities across the Olympic Peninsula and the broader Puget Sound region.

The bank offers deposit products such as checking and savings accounts, certificates of deposit and business accounts. Its lending activities include residential mortgages, home-equity loans, consumer loans and commercial financing for businesses and real estate projects.