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

StockNews.com started coverage on shares of First Northwest Bancorp (NASDAQ:FNWB – Get Rating) in a research note issued to investors on Sunday morning. The firm issued a buy rating on the financial services provider’s stock.

Separately, TheStreet lowered shares of First Northwest Bancorp from a b- rating to a c+ rating in a report on Wednesday, December 14th.

First Northwest Bancorp Price Performance

Shares of NASDAQ:FNWB opened at $15.51 on Friday. The company’s fifty day moving average price is $15.01 and its 200-day moving average price is $15.67. The firm has a market capitalization of $154.31 million, a price-to-earnings ratio of 9.69 and a beta of 0.72. First Northwest Bancorp has a one year low of $14.22 and a one year high of $23.77. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.99 and a quick ratio of 0.99.

First Northwest Bancorp (NASDAQ:FNWB – Get Rating) last issued its quarterly earnings results on Wednesday, October 26th. The financial services provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $20.54 million for the quarter, compared to analyst estimates of $21.36 million. First Northwest Bancorp had a net margin of 17.17% and a return on equity of 8.53%. On average, equities research analysts anticipate that First Northwest Bancorp will post 1.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Northwest Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in FNWB. BlackRock Inc. grew its holdings in shares of First Northwest Bancorp by 12.2% during the 1st quarter. BlackRock Inc. now owns 176,354 shares of the financial services provider’s stock valued at $3,895,000 after purchasing an additional 19,172 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of First Northwest Bancorp by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 415,402 shares of the financial services provider’s stock valued at $9,176,000 after purchasing an additional 10,316 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of First Northwest Bancorp by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 379,849 shares of the financial services provider’s stock valued at $8,391,000 after purchasing an additional 1,966 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of First Northwest Bancorp by 48.0% during the 1st quarter. Baird Financial Group Inc. now owns 18,500 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 6,000 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of First Northwest Bancorp by 11.4% during the 1st quarter. State Street Corp now owns 34,327 shares of the financial services provider’s stock valued at $758,000 after purchasing an additional 3,501 shares during the last quarter. Institutional investors own 52.83% of the company’s stock.

About First Northwest Bancorp

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First Northwest Bancorp (Washington) is a bank holding company. It engages in the provision of commercial, mortgage, and lending activities and investment. Its offerings include saving account, certificate of deposits, money market, credit card, fixed rate loans, mortgages, mutual funds, insurances and education savings account.