Key Points
- First Northwest Bancorp CEO Curt Queyrouze purchased 4,770 shares on Feb. 6 at $10.41 each (~$49,655.70), increasing his holding by 9.54% to 54,770 shares valued at roughly $570,155.70.
- The bank recently reported Q results that missed EPS expectations ($0.04 vs. $0.09) but beat revenue estimates ($18.38M), and analysts hold a consensus "Hold" rating with an average price target of $13.50.
First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) CEO Curt Queyrouze purchased 4,770 shares of the company's stock in a transaction on Friday, February 6th. The shares were purchased at an average cost of $10.41 per share, with a total value of $49,655.70. Following the purchase, the chief executive officer owned 54,770 shares of the company's stock, valued at approximately $570,155.70. The trade was a 9.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
First Northwest Bancorp Price Performance
Shares of First Northwest Bancorp stock opened at $10.25 on Tuesday. The firm has a market capitalization of $96.97 million, a PE ratio of 14.24 and a beta of 0.58. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.68. First Northwest Bancorp has a 12 month low of $6.05 and a 12 month high of $12.10. The business's 50-day moving average price is $10.00 and its 200-day moving average price is $8.81.
First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last issued its earnings results on Thursday, January 29th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.05). First Northwest Bancorp had a return on equity of 4.23% and a net margin of 5.35%.The firm had revenue of $18.38 million during the quarter, compared to analysts' expectations of $17.15 million. Sell-side analysts forecast that First Northwest Bancorp will post 0.5 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
FNWB has been the topic of a number of analyst reports. Piper Sandler upgraded shares of First Northwest Bancorp from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $10.50 to $13.50 in a research report on Friday, November 7th. Wall Street Zen upgraded First Northwest Bancorp to a "hold" rating in a report on Saturday, January 10th. UBS Group upgraded First Northwest Bancorp to a "neutral" rating in a report on Friday, November 7th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of First Northwest Bancorp in a research note on Monday, December 29th. Finally, Zacks Research upgraded First Northwest Bancorp from a "strong sell" rating to a "hold" rating in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $13.50.
View Our Latest Report on First Northwest Bancorp
Institutional Investors Weigh In On First Northwest Bancorp
Institutional investors and hedge funds have recently bought and sold shares of the business. Bensler LLC purchased a new position in shares of First Northwest Bancorp during the second quarter valued at approximately $89,000. HoldCo Asset Management LP purchased a new stake in First Northwest Bancorp in the second quarter worth $460,000. Pinnacle Holdings LLC boosted its holdings in First Northwest Bancorp by 53.2% in the third quarter. Pinnacle Holdings LLC now owns 72,000 shares of the financial services provider's stock valued at $567,000 after acquiring an additional 25,000 shares in the last quarter. Kennedy Capital Management LLC boosted its holdings in First Northwest Bancorp by 3.1% in the second quarter. Kennedy Capital Management LLC now owns 334,625 shares of the financial services provider's stock valued at $2,577,000 after acquiring an additional 10,026 shares in the last quarter. Finally, Fourthstone LLC increased its position in First Northwest Bancorp by 8.5% during the 2nd quarter. Fourthstone LLC now owns 937,390 shares of the financial services provider's stock valued at $7,218,000 after purchasing an additional 73,578 shares during the period. Hedge funds and other institutional investors own 66.11% of the company's stock.
About First Northwest Bancorp
(
Get Free Report)
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.
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