First Northwest Bancorp (NASDAQ:FNWB) Stock Crosses Above 50-Day Moving Average – Time to Sell?

First Northwest Bancorp (NASDAQ:FNWB) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.63 and traded as high as $10.88. First Northwest Bancorp shares last traded at $10.60, with a volume of 9,840 shares traded.

Analysts Set New Price Targets

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

First Northwest Bancorp Stock Down 1.5 %

The firm has a market cap of $99.23 million, a price-to-earnings ratio of -30.28 and a beta of 0.93. The business’s 50 day moving average price is $10.63 and its 200 day moving average price is $10.66. 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 issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported ($0.32) EPS 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%. On average, equities analysts forecast that First Northwest Bancorp will post 0.5 EPS for the current year.

First Northwest Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, February 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.64%. First Northwest Bancorp’s payout ratio is -80.00%.

Institutional Investors Weigh In On First Northwest Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC grew its stake in shares of First Northwest Bancorp by 5.6% during the 4th quarter. Citadel Advisors LLC now owns 16,134 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 860 shares during the period. 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 period. Fourthstone LLC grew its stake in First Northwest Bancorp by 0.3% in the 3rd quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock valued at $10,077,000 after acquiring an additional 3,239 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in 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 acquiring an additional 15,622 shares during the period. Finally, Kennedy Capital Management LLC grew its stake in First Northwest Bancorp by 43.3% in the 4th quarter. Kennedy Capital Management LLC now owns 75,456 shares of the financial services provider’s stock valued at $770,000 after acquiring an additional 22,788 shares during the period. Institutional investors and hedge funds 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.