First Northwest Bancorp (NASDAQ:FNWB) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

First Northwest Bancorp (NASDAQ:FNWB)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.03 and traded as high as $10.34. First Northwest Bancorp shares last traded at $10.24, with a volume of 46,729 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently issued reports on FNWB shares. Wall Street Zen raised First Northwest Bancorp to a “hold” rating in a report on Saturday, January 10th. Piper Sandler raised First Northwest Bancorp from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $10.50 to $13.50 in a research note on Friday, November 7th. Zacks Research upgraded First Northwest Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. UBS Group upgraded First Northwest Bancorp to a “neutral” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of First Northwest Bancorp in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, First Northwest Bancorp has a consensus rating of “Hold” and a consensus price target of $13.50.

First Northwest Bancorp Stock Performance

The firm has a 50 day simple moving average of $10.04 and a 200-day simple moving average of $8.92. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $97.08 million, a price-to-earnings ratio of 14.25 and a beta of 0.58.

First Northwest Bancorp (NASDAQ:FNWB) last released its earnings results 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). The firm had revenue of $18.38 million during the quarter, compared to analyst estimates of $17.15 million. First Northwest Bancorp had a net margin of 5.35% and a return on equity of 4.23%. As a group, analysts predict that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.

Insider Transactions at First Northwest Bancorp

In related news, CEO Curt Queyrouze bought 4,770 shares of the company’s stock in a transaction on Friday, February 6th. The stock was bought at an average cost of $10.41 per share, with a total value of $49,655.70. Following the completion of the acquisition, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.47% of the company’s stock.

Hedge Funds Weigh In On First Northwest Bancorp

A number of institutional investors have recently made changes to their positions in FNWB. Bensler LLC acquired a new stake in First Northwest Bancorp in the second quarter worth $89,000. Empowered Funds LLC lifted its position in First Northwest Bancorp by 9.6% in the fourth quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 1,841 shares during the period. Jane Street Group LLC bought a new position in First Northwest Bancorp in the 4th quarter valued at $199,000. Bridgeway Capital Management LLC grew its holdings in First Northwest Bancorp by 13.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 5,441 shares during the period. Finally, HoldCo Asset Management LP acquired a new stake in shares of First Northwest Bancorp during the second quarter worth about $460,000. 66.11% of the stock is 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.