Piper Sandler Issues Positive Forecast for First Northwest Bancorp (NASDAQ:FNWB) Stock Price

First Northwest Bancorp (NASDAQ:FNWB) had its price objective upped by stock analysts at Piper Sandler from $11.00 to $12.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price target points to a potential upside of 11.68% from the company’s current price.

Separately, Hovde Group initiated coverage on First Northwest Bancorp in a research note on Monday, January 13th. They set an “outperform” rating and a $13.50 target price on the stock.

First Northwest Bancorp Stock Down 1.9 %

Shares of NASDAQ FNWB traded down $0.21 during trading on Monday, reaching $10.75. The company had a trading volume of 21,187 shares, compared to its average volume of 13,191. First Northwest Bancorp has a 12-month low of $8.91 and a 12-month high of $16.00. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08. The business’s 50-day moving average is $10.61 and its 200 day moving average is $10.55. The stock has a market cap of $100.57 million, a PE ratio of -30.70 and a beta of 0.93.

First Northwest Bancorp (NASDAQ:FNWB) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.38). First Northwest Bancorp had a negative net margin of 2.38% and a negative return on equity of 1.86%. As a group, equities analysts forecast that First Northwest Bancorp will post 0.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Northwest Bancorp

A number of hedge funds have recently modified their holdings of FNWB. Pure Portfolios Holdings LLC bought a new position in shares of First Northwest Bancorp during the 3rd quarter valued at about $353,000. Fourthstone LLC boosted its stake in First Northwest Bancorp by 0.3% during the third quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock valued at $10,077,000 after buying an additional 3,239 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in First Northwest Bancorp during the 3rd quarter valued at approximately $350,000. Barclays PLC increased 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 worth $72,000 after acquiring an additional 2,568 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of First Northwest Bancorp during the 4th quarter worth approximately $277,000. 66.11% of the stock is currently owned by 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.