Key Points
- Director Dana Behar sold 25,000 FNWB shares for $287,750 at an average price of $11.51, reducing their holdings by 17.83% to 115,219 shares.
- First Northwest Bancorp reported quarterly EPS of $0.03, beating estimates of $0.01, while revenue of $16.18 million fell short of the $16.95 million forecast.
- Analysts maintain a “Hold” consensus with an average price target of $15.00; Piper Sandler raised its target to $15.00 and assigned an “Overweight” rating.
First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) Director Dana Behar sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $11.51, for a total value of $287,750.00. Following the completion of the transaction, the director owned 115,219 shares of the company's stock, valued at approximately $1,326,170.69. The trade was a 17.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
First Northwest Bancorp Stock Performance
NASDAQ FNWB opened at $11.40 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $108.30 million, a PE ratio of 71.25 and a beta of 0.63. The stock's 50 day moving average is $11.15 and its 200 day moving average is $10.20. First Northwest Bancorp has a twelve month low of $6.90 and a twelve month high of $12.52.
First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. The firm had revenue of $16.18 million for the quarter, compared to analysts' expectations of $16.95 million. First Northwest Bancorp had a net margin of 1.32% and a return on equity of 0.96%. Research analysts forecast that First Northwest Bancorp will post 0.06 earnings per share for the current fiscal year.
Hedge Funds Weigh In On First Northwest Bancorp
Several large investors have recently modified their holdings of FNWB. Empowered Funds LLC grew its position in First Northwest Bancorp by 9.6% during the 4th quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider's stock valued at $197,000 after purchasing an additional 1,841 shares during the last quarter. Jane Street Group LLC purchased a new position in First Northwest Bancorp in the fourth quarter worth about $199,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in First Northwest Bancorp in the second quarter worth about $345,000. Bridgeway Capital Management LLC lifted its stake in shares of First Northwest Bancorp by 13.9% in 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 in the last quarter. Finally, Arcus Capital Partners LLC lifted its stake in shares of First Northwest Bancorp by 115.5% in 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 in the last quarter. Hedge funds and other institutional investors own 66.11% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on FNWB. Wall Street Zen upgraded shares of First Northwest Bancorp from a "sell" rating to a "hold" rating in a report on Saturday. Piper Sandler lifted their target price on shares of First Northwest Bancorp from $13.50 to $15.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Finally, Weiss Ratings raised First Northwest Bancorp from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $15.00.
Check Out Our Latest Report on FNWB
First Northwest Bancorp Company Profile
(
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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