First Northwest Bancorp (NASDAQ:FNWB) Stock Price Passes Above Fifty Day Moving Average of $10.28

First Northwest Bancorp (NASDAQ:FNWB)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.28 and traded as high as $11.55. First Northwest Bancorp shares last traded at $11.35, with a volume of 4,351 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Piper Sandler boosted their price objective on First Northwest Bancorp from $11.00 to $11.50 and gave the company a “neutral” rating in a report on Tuesday, July 30th. StockNews.com upgraded First Northwest Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, May 30th.

First Northwest Bancorp Stock Performance

The company has a debt-to-equity ratio of 1.86, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a fifty day moving average price of $10.28 and a two-hundred day moving average price of $11.66. The company has a market cap of $107.17 million, a P/E ratio of -113.50 and a beta of 0.90.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.08. The company had revenue of $21.60 million for the quarter, compared to analyst estimates of $17.10 million. First Northwest Bancorp had a positive return on equity of 2.61% and a negative net margin of 1.02%. On average, equities analysts forecast that First Northwest Bancorp will post 0.46 earnings per share for the current fiscal year.

First Northwest Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Friday, August 9th. First Northwest Bancorp’s dividend payout ratio (DPR) is presently -280.00%.

Insider Activity at First Northwest Bancorp

In related news, CEO Matthew Deines purchased 9,285 shares of the company’s stock in a transaction on Monday, July 29th. The shares were bought at an average price of $10.79 per share, with a total value of $100,185.15. Following the completion of the acquisition, the chief executive officer now owns 110,740 shares of the company’s stock, valued at $1,194,884.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought 10,435 shares of company stock valued at $112,058 over the last 90 days. 4.94% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On First Northwest Bancorp

An institutional investor recently raised its position in First Northwest Bancorp stock. O Shaughnessy Asset Management LLC raised its holdings in shares of First Northwest Bancorp (NASDAQ:FNWB) by 57.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,183 shares of the financial services provider’s stock after acquiring an additional 5,915 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.17% of First Northwest Bancorp worth $253,000 at the end of the most recent quarter. 66.11% of the stock is owned by institutional investors.

First Northwest Bancorp Company Profile

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.