First Northwest Bancorp (NASDAQ:FNWB – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Separately, TheStreet cut shares of First Northwest Bancorp from a “b-” rating to a “c+” rating in a report on Wednesday, December 14th.
First Northwest Bancorp Price Performance
Shares of NASDAQ:FNWB traded down $0.05 during trading hours on Friday, hitting $11.50. 3,760 shares of the company’s stock traded hands, compared to its average volume of 16,562. First Northwest Bancorp has a 52 week low of $10.77 and a 52 week high of $23.46. The company’s fifty day simple moving average is $13.86 and its two-hundred day simple moving average is $14.81. The company has a market cap of $111.21 million, a price-to-earnings ratio of 6.76 and a beta of 0.70. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.99 and a current ratio of 0.99.
First Northwest Bancorp (NASDAQ:FNWB – Get Rating) last announced its earnings results on Thursday, January 26th. The financial services provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.47 by $0.19. First Northwest Bancorp had a net margin of 17.25% and a return on equity of 9.51%. The company had revenue of $22.30 million during the quarter, compared to analysts’ expectations of $21.26 million. As a group, equities analysts anticipate that First Northwest Bancorp will post 1.5 EPS for the current fiscal year.
Insider Transactions at First Northwest Bancorp
In other news, EVP Terry A. Anderson sold 8,200 shares of the stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $15.06, for a total value of $123,492.00. Following the completion of the sale, the executive vice president now directly owns 22,048 shares of the company’s stock, valued at $332,042.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other First Northwest Bancorp news, Director Norman J. Jr. Tonina bought 2,100 shares of First Northwest Bancorp stock in a transaction on Monday, March 13th. The stock was purchased at an average cost of $12.19 per share, for a total transaction of $25,599.00. Following the completion of the purchase, the director now directly owns 35,052 shares of the company’s stock, valued at $427,283.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Terry A. Anderson sold 8,200 shares of the stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $15.06, for a total transaction of $123,492.00. Following the transaction, the executive vice president now owns 22,048 shares in the company, valued at approximately $332,042.88. The disclosure for this sale can be found here. Insiders purchased 7,000 shares of company stock valued at $89,797 over the last three months. 4.40% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On First Northwest Bancorp
Several institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased its position in First Northwest Bancorp by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 95,875 shares of the financial services provider’s stock worth $1,472,000 after buying an additional 967 shares during the last quarter. Petiole USA ltd increased its position in First Northwest Bancorp by 9.5% during the fourth quarter. Petiole USA ltd now owns 237,697 shares of the financial services provider’s stock worth $3,651,000 after buying an additional 20,642 shares during the last quarter. Legato Capital Management LLC acquired a new position in First Northwest Bancorp during the fourth quarter worth $162,000. JCSD Capital LLC increased its position in First Northwest Bancorp by 3.9% during the fourth quarter. JCSD Capital LLC now owns 119,408 shares of the financial services provider’s stock worth $1,834,000 after buying an additional 4,503 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in First Northwest Bancorp during the third quarter worth $417,000. Institutional investors and hedge funds own 52.83% of the company’s stock.
First Northwest Bancorp Company Profile
First Northwest Bancorp (Washington) is a bank holding company. It engages in the provision of commercial, mortgage, and lending activities and investment. Its offerings include saving account, certificate of deposits, money market, credit card, fixed rate loans, mortgages, mutual funds, insurances and education savings account. Read more to stay updated with the latest equity news