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

First Northwest Bancorp (NASDAQ:FNWB) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.43 and traded as high as $9.88. First Northwest Bancorp shares last traded at $9.77, with a volume of 17,137 shares traded.

Analysts Set New Price Targets

Several analysts have recently issued reports on FNWB shares. Weiss Ratings reissued a “sell (d-)” rating on shares of First Northwest Bancorp in a research report on Friday, March 27th. Wall Street Zen cut shares of First Northwest Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $13.50.

First Northwest Bancorp Price Performance

The firm has a market cap of $92.82 million, a price-to-earnings ratio of 17.76 and a beta of 0.67. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.09. The company’s 50-day moving average price is $9.43 and its 200-day moving average price is $9.67.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.03). The business had revenue of $16.45 million for the quarter, compared to analyst estimates of $16.80 million. First Northwest Bancorp had a return on equity of 3.14% and a net margin of 4.20%. On average, equities research analysts forecast that First Northwest Bancorp will post 0.2 EPS for the current year.

Institutional Trading of First Northwest Bancorp

Large investors have recently made changes to their positions in the company. Bensler LLC increased its stake in shares of First Northwest Bancorp by 11.0% during the third quarter. Bensler LLC now owns 12,868 shares of the financial services provider’s stock worth $101,000 after buying an additional 1,276 shares during the period. Empowered Funds LLC increased its stake in shares of First Northwest Bancorp by 9.6% during the fourth quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider’s stock worth $197,000 after buying an additional 1,841 shares during the period. Jane Street Group LLC purchased a new stake in shares of First Northwest Bancorp during the fourth quarter worth approximately $199,000. Bridgeway Capital Management LLC increased its stake in shares of First Northwest Bancorp by 13.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider’s stock worth $418,000 after buying an additional 5,441 shares during the period. Finally, Arcus Capital Partners LLC increased its stake in shares of First Northwest Bancorp by 115.5% during the first quarter. Arcus Capital Partners LLC now owns 56,987 shares of the financial services provider’s stock worth $495,000 after buying an additional 30,543 shares during the period. 66.11% of the stock is currently owned by hedge funds and other institutional investors.

First Northwest Bancorp Company Profile

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.