First Northwest Bancorp (NASDAQ:FNWB) Price Target Raised to $12.00

First Northwest Bancorp (NASDAQ:FNWB) had its price objective hoisted by Piper Sandler from $11.00 to $12.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Separately, Hovde Group began coverage on shares of First Northwest Bancorp in a report on Monday, January 13th. They issued an “outperform” rating and a $13.50 price target for the company.

First Northwest Bancorp Stock Down 0.5 %

FNWB opened at $10.80 on Monday. The firm has a 50-day simple moving average of $10.57 and a two-hundred day simple moving average of $10.56. First Northwest Bancorp has a 52 week low of $8.91 and a 52 week high of $16.00. The company has a market capitalization of $101.09 million, a PE ratio of -30.86 and a beta of 0.93. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08.

First Northwest Bancorp (NASDAQ:FNWB) last released 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%. Analysts forecast that First Northwest Bancorp will post 0.75 earnings per share for the current fiscal year.

First Northwest Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Friday, February 14th. First Northwest Bancorp’s payout ratio is -80.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Barclays PLC lifted its stake in First Northwest Bancorp by 60.5% in the third quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 2,568 shares during the last quarter. Pure Portfolios Holdings LLC bought a new stake in First Northwest Bancorp in the third quarter worth about $353,000. Jacobs Levy Equity Management Inc. bought a new stake in First Northwest Bancorp in the third quarter worth about $350,000. FNY Investment Advisers LLC bought a new stake in First Northwest Bancorp in the fourth quarter worth about $277,000. Finally, Fourthstone LLC lifted its stake 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 worth $10,077,000 after purchasing an additional 3,239 shares during the last quarter. Institutional investors own 66.11% of the company’s stock.

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.