StockNews.com Initiates Coverage on First Northwest Bancorp (NASDAQ:FNWB)

StockNews.com assumed coverage on shares of First Northwest Bancorp (NASDAQ:FNWB) in a research note published on Tuesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

A number of other equities research analysts have also recently weighed in on the stock. Piper Sandler boosted their price target on shares of First Northwest Bancorp from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Hovde Group began coverage on First Northwest Bancorp in a report on Monday, January 13th. They issued an “outperform” rating and a $13.50 target price for the company.

First Northwest Bancorp Price Performance

Shares of NASDAQ FNWB opened at $10.38 on Tuesday. The stock’s 50-day simple moving average is $10.63 and its 200-day simple moving average is $10.58. The firm has a market capitalization of $97.14 million, a PE ratio of -29.66 and a beta of 0.81. First Northwest Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $15.50. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.04 and a current ratio of 1.04.

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

First Northwest Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.28 annualized dividend and a yield of 2.70%. First Northwest Bancorp’s dividend payout ratio (DPR) is -80.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC raised its holdings in shares of First Northwest Bancorp by 60.5% in the third quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock valued at $72,000 after buying an additional 2,568 shares during the last quarter. Citadel Advisors LLC increased its position 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 acquiring an additional 860 shares during the period. FNY Investment Advisers LLC purchased a new stake in First Northwest Bancorp during the 4th quarter valued at approximately $277,000. Jacobs Levy Equity Management Inc. acquired a new stake in First Northwest Bancorp during the 3rd quarter worth approximately $350,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of First Northwest Bancorp by 48.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,923 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 15,622 shares during the last quarter. 66.11% of the stock is owned by hedge funds and other 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.