First Northwest Bancorp (NASDAQ:FNWB) Shares Pass Above 50-Day Moving Average – Time to Sell?

First Northwest Bancorp (NASDAQ:FNWB)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.92 and traded as high as $10.67. First Northwest Bancorp shares last traded at $10.35, with a volume of 25,027 shares trading hands.

Wall Street Analyst Weigh In

FNWB has been the subject of several research analyst reports. Wall Street Zen upgraded First Northwest Bancorp from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. Weiss Ratings lowered First Northwest Bancorp from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, First Northwest Bancorp has a consensus rating of “Hold” and an average price target of $13.50.

First Northwest Bancorp Stock Performance

The firm has a market capitalization of $98.31 million, a PE ratio of 18.82 and a beta of 0.66. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a fifty day moving average price of $9.92 and a 200 day moving average price of $9.78.

First Northwest Bancorp (NASDAQ:FNWB) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $0.00 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.03). First Northwest Bancorp had a net margin of 4.20% and a return on equity of 3.14%. The company had revenue of $16.45 million for the quarter, compared to analysts’ expectations of $16.80 million. Research analysts anticipate that First Northwest Bancorp will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Northwest Bancorp

Several hedge funds have recently modified their holdings of the stock. Empowered Funds LLC lifted its holdings in shares of First Northwest Bancorp by 8.7% during the first quarter. Empowered Funds LLC now owns 22,793 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 1,822 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of First Northwest Bancorp by 14.6% during the first quarter. Renaissance Technologies LLC now owns 338,305 shares of the financial services provider’s stock valued at $2,936,000 after purchasing an additional 43,200 shares during the last quarter. Arcus Capital Partners LLC lifted its stake in First Northwest Bancorp by 115.5% in the 1st quarter. Arcus Capital Partners LLC now owns 56,987 shares of the financial services provider’s stock worth $495,000 after acquiring an additional 30,543 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in First Northwest Bancorp by 13.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 44,608 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 5,441 shares in the last quarter. Finally, Fourthstone LLC lifted its stake in First Northwest Bancorp by 8.1% in the 4th quarter. Fourthstone LLC now owns 939,429 shares of the financial services provider’s stock worth $8,812,000 after acquiring an additional 70,337 shares in the last quarter. 66.11% of the stock is owned by hedge funds and other institutional investors.

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.