First Northwest Bancorp (NASDAQ:FNWB) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

First Northwest Bancorp (NASDAQ:FNWB) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.03), reports. The firm had revenue of $16.45 million for the quarter, compared to analyst estimates of $16.80 million. First Northwest Bancorp had a net margin of 4.20% and a return on equity of 3.15%.

First Northwest Bancorp Stock Performance

FNWB stock opened at $10.00 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $95 million, a price-to-earnings ratio of 18.18 and a beta of 0.58. First Northwest Bancorp has a 1 year low of $6.05 and a 1 year high of $10.98. The stock’s fifty day moving average is $9.40 and its two-hundred day moving average is $9.54.

Insider Transactions at First Northwest Bancorp

In related news, CEO Curt Queyrouze bought 4,770 shares of the business’s stock in a transaction on Friday, February 6th. The shares were bought at an average cost of $10.41 per share, for a total transaction of $49,655.70. Following the completion of the purchase, the chief executive officer owned 54,770 shares of the company’s stock, valued at $570,155.70. This represents a 9.54% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.14% of the company’s stock.

Institutional Investors Weigh In On First Northwest Bancorp

Several large investors have recently made changes to their positions in FNWB. Empowered Funds LLC increased its stake in shares of First Northwest Bancorp by 9.6% in the fourth quarter. Empowered Funds LLC now owns 20,971 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 1,841 shares during the period. Pinnacle Holdings LLC increased its stake in shares of First Northwest Bancorp by 18.0% in the fourth quarter. Pinnacle Holdings LLC now owns 84,928 shares of the financial services provider’s stock valued at $797,000 after purchasing an additional 12,928 shares during the period. Renaissance Technologies LLC increased its stake in shares of First Northwest Bancorp by 5.6% in the fourth quarter. Renaissance Technologies LLC now owns 295,105 shares of the financial services provider’s stock valued at $2,768,000 after purchasing an additional 15,600 shares during the period. Jane Street Group LLC acquired a new stake in shares of First Northwest Bancorp in the fourth quarter valued at approximately $199,000. Finally, Fourthstone LLC increased its stake in shares of First Northwest Bancorp by 8.1% in the fourth quarter. Fourthstone LLC now owns 939,429 shares of the financial services provider’s stock valued at $8,812,000 after purchasing an additional 70,337 shares during the period. Institutional investors and hedge funds own 66.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FNWB shares. Wall Street Zen upgraded shares of First Northwest Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of First Northwest Bancorp in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.50.

First Northwest Bancorp Company Profile

First Northwest Bancorp is a bank holding company headquartered in Mountlake Terrace, Washington. Through its wholly owned subsidiary, First Northwest Bank, the company delivers a full spectrum of community banking services to individuals, families, and small to mid-sized businesses. Its operations are rooted in local decision-making and personalized client relationships, reflecting a community-oriented banking model.

On the retail side, First Northwest Bank offers a range of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.