First Northwest Bancorp (NASDAQ:FNWB) Price Target Cut to $11.00

First Northwest Bancorp (NASDAQ:FNWB) had its price target lowered by analysts at Piper Sandler from $12.50 to $11.00 in a report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price objective suggests a potential upside of 6.18% from the stock’s previous close.

First Northwest Bancorp Trading Down 1.9 %

Shares of First Northwest Bancorp stock opened at $10.36 on Monday. The firm’s 50 day simple moving average is $10.75 and its two-hundred day simple moving average is $10.45. The firm has a market capitalization of $97.80 million, a price-to-earnings ratio of -73.99 and a beta of 0.89. First Northwest Bancorp has a 12-month low of $8.91 and a 12-month high of $16.12. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.86.

First Northwest Bancorp (NASDAQ:FNWB) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.08. First Northwest Bancorp had a positive return on equity of 2.61% and a negative net margin of 1.02%. The firm had revenue of $21.60 million for the quarter, compared to the consensus estimate of $17.10 million. Analysts predict that First Northwest Bancorp will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Empowered Funds LLC boosted its position in First Northwest Bancorp by 7.5% in the first quarter. Empowered Funds LLC now owns 15,052 shares of the financial services provider’s stock valued at $236,000 after buying an additional 1,050 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of First Northwest Bancorp by 57.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,183 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 5,915 shares during the last quarter. Finally, Pure Portfolios Holdings LLC acquired a new stake in shares of First Northwest Bancorp in the third quarter worth $353,000. 66.11% of the stock is currently owned by hedge funds and other 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.