First Northwest Bancorp (NASDAQ:FNWB) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Shares of First Northwest Bancorp (NASDAQ:FNWB) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.63 and traded as low as $10.50. First Northwest Bancorp shares last traded at $10.71, with a volume of 7,762 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Piper Sandler lowered their price objective on First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Hovde Group started coverage on shares of First Northwest Bancorp in a report on Monday, January 13th. They set an “outperform” rating and a $13.50 price target for the company.

First Northwest Bancorp Stock Performance

The stock’s 50-day moving average is $10.63 and its 200 day moving average is $10.51. The stock has a market cap of $99.60 million, a price-to-earnings ratio of -16.37 and a beta of 0.94. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 1.04.

First Northwest Bancorp (NASDAQ:FNWB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.33). First Northwest Bancorp had a negative net margin of 4.79% and a negative return on equity of 0.18%. The business had revenue of $29.99 million during the quarter, compared to analyst estimates of $17.20 million. As a group, analysts predict that First Northwest Bancorp will post -0.8 earnings per share for the current fiscal year.

Institutional Trading of First Northwest Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in FNWB. Pure Portfolios Holdings LLC purchased a new position in First Northwest Bancorp in the 3rd quarter valued at approximately $353,000. Fourthstone LLC grew its holdings in First Northwest Bancorp by 0.3% in the third quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock valued at $10,077,000 after purchasing an additional 3,239 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in First Northwest Bancorp in the third quarter valued at $350,000. Barclays PLC increased its position in shares of First Northwest Bancorp by 60.5% in the third quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock valued at $72,000 after buying an additional 2,568 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of First Northwest Bancorp during the 4th quarter worth $277,000. 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.