First Northwest Bancorp (NASDAQ:FNWB) Given New $11.00 Price Target at Piper Sandler

First Northwest Bancorp (NASDAQ:FNWB) had its price objective reduced by Piper Sandler from $12.50 to $11.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

First Northwest Bancorp Stock Up 0.5 %

Shares of NASDAQ FNWB opened at $10.15 on Monday. First Northwest Bancorp has a 1 year low of $8.91 and a 1 year high of $16.12. The firm has a market cap of $95.84 million, a price-to-earnings ratio of -101.90 and a beta of 0.89. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s 50-day simple moving average is $10.73 and its 200-day simple moving average is $10.42.

First Northwest Bancorp (NASDAQ:FNWB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.33). First Northwest Bancorp had a positive return on equity of 2.61% and a negative net margin of 1.02%. The business had revenue of $29.99 million for the quarter, compared to analysts’ expectations of $17.20 million. As a group, equities analysts anticipate that First Northwest Bancorp will post 0.46 earnings per share for the current fiscal year.

First Northwest Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.76%. The ex-dividend date is Friday, November 8th. First Northwest Bancorp’s dividend payout ratio is currently -280.00%.

Institutional Trading of First Northwest Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pure Portfolios Holdings LLC bought a new stake in First Northwest Bancorp in the third quarter valued at about $353,000. O Shaughnessy Asset Management LLC increased its holdings in First Northwest Bancorp by 57.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 16,183 shares of the financial services provider’s stock valued at $253,000 after buying an additional 5,915 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in First Northwest Bancorp by 7.5% in the first quarter. Empowered Funds LLC now owns 15,052 shares of the financial services provider’s stock valued at $236,000 after buying an additional 1,050 shares during the last quarter. 66.11% of the stock is owned by institutional investors.

About First Northwest Bancorp

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.