Piper Sandler Forecasts Strong Price Appreciation for First Northwest Bancorp (NASDAQ:FNWB) Stock

First Northwest Bancorp (NASDAQ:FNWB) had its price target increased by analysts at Piper Sandler from $11.00 to $12.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price objective would indicate a potential upside of 10.60% from the stock’s previous close.

Separately, Hovde Group started coverage on First Northwest Bancorp in a report on Monday, January 13th. They set an “outperform” rating and a $13.50 price objective for the company.

First Northwest Bancorp Trading Down 0.5 %

Shares of FNWB opened at $10.85 on Monday. The company’s fifty day simple moving average is $10.58 and its 200-day simple moving average is $10.56. The company has a market cap of $101.56 million, a P/E ratio of -31.00 and a beta of 0.93. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.08. First Northwest Bancorp has a twelve month low of $8.91 and a twelve month high of $16.00.

First Northwest Bancorp (NASDAQ:FNWB) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.38). First Northwest Bancorp had a negative return on equity of 1.86% and a negative net margin of 2.38%. As a group, analysts expect that First Northwest Bancorp will post 0.75 EPS for the current year.

Institutional Investors Weigh In On First Northwest Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new stake in shares of First Northwest Bancorp in the 4th quarter valued at about $277,000. Barclays PLC raised 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 buying an additional 2,568 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in First Northwest Bancorp during the third quarter worth $350,000. Fourthstone LLC increased its holdings in shares of First Northwest Bancorp by 0.3% in the 3rd quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock valued at $10,077,000 after acquiring an additional 3,239 shares during the period. Finally, Pure Portfolios Holdings LLC bought a new position in shares of First Northwest Bancorp in the 3rd quarter worth $353,000. 66.11% of the stock is owned by institutional investors.

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.