First Northwest Bancorp (NASDAQ:FNWB) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

First Northwest Bancorp (NASDAQ:FNWB)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.60 and traded as low as $10.14. First Northwest Bancorp shares last traded at $10.20, with a volume of 7,829 shares traded.

Analyst Upgrades and Downgrades

FNWB has been the topic of several analyst reports. StockNews.com started coverage on shares of First Northwest Bancorp in a report on Thursday, March 20th. They issued a “hold” rating on the stock. Piper Sandler lifted their price objective on First Northwest Bancorp from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, Hovde Group assumed coverage on First Northwest Bancorp in a research note on Monday, January 13th. They set an “outperform” rating and a $13.50 target price for the company.

First Northwest Bancorp Stock Performance

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.08. The stock’s 50 day moving average price is $10.67 and its two-hundred day moving average price is $10.59. The firm has a market capitalization of $93.11 million, a price-to-earnings ratio of -28.43 and a beta of 0.99.

First Northwest Bancorp (NASDAQ:FNWB) last issued its earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.38). First Northwest Bancorp had a negative net margin of 2.38% and a negative return on equity of 1.86%. On average, analysts forecast that First Northwest Bancorp will post 0.5 EPS for the current year.

First Northwest Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.07 per share. The ex-dividend date was Friday, February 14th. This represents a $0.28 dividend on an annualized basis and a yield of 2.81%. First Northwest Bancorp’s payout ratio is -80.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FNWB. Barclays PLC grew its stake in First Northwest Bancorp by 60.5% in the 3rd quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock valued at $72,000 after acquiring an additional 2,568 shares during the last quarter. Citadel Advisors LLC lifted its stake in First Northwest Bancorp by 5.6% in the 4th quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider’s stock valued at $165,000 after buying an additional 860 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in First Northwest Bancorp during the 4th quarter valued at $277,000. Jacobs Levy Equity Management Inc. purchased a new position in First Northwest Bancorp during the third quarter worth $350,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of First Northwest Bancorp by 48.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider’s stock worth $489,000 after acquiring an additional 15,622 shares during the last quarter. Hedge funds and other institutional investors own 66.11% of the company’s stock.

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.