Shares of First Northwest Bancorp (NASDAQ: FNWB) recently received a consensus rating of “Hold” from five analysts covering the company, according to MarketBeat. The analysts’ opinions varied, with two issuing sell ratings, one maintaining a hold, and two recommending a buy. The average one-year price target among these analysts is set at $13.50.
Analysts have provided varied assessments of the stock’s performance. Weiss Ratings reaffirmed a “sell (d-)” rating on the shares in a report released on December 22, 2023. In a separate analysis on October 31, Zacks Research downgraded First Northwest Bancorp from a “hold” to a “strong sell” rating. Conversely, UBS Group upgraded the stock to a “neutral” rating on November 7, 2023. On the same day, Piper Sandler elevated the rating from “neutral” to “overweight” while increasing the price objective from $10.50 to $13.50.
Recent Performance and Financial Metrics
First Northwest Bancorp’s stock opened at $9.50 on Friday. Over the past year, the stock has experienced significant fluctuations, recording a low of $6.05 and a high of $12.10. The company holds a market capitalization of $89.87 million and has a price-to-earnings ratio of 26.39. Its current ratio and quick ratio both stand at 1.01, with a debt-to-equity ratio of 1.68. The stock’s 50-day moving average is $9.45, while the 200-day moving average is $8.34.
The company’s recent quarterly earnings report, published on October 27, 2023, revealed an earnings per share of $0.09, which fell short of analysts’ expectations of $0.18 by $0.09. First Northwest Bancorp reported revenue of $16.57 million for the quarter, below the consensus estimate of $17.25 million. The firm achieved a return on equity of 2.10% and a net margin of 2.67%. Analysts anticipate that First Northwest Bancorp will report earnings per share of $0.50 for the current fiscal year.
Company Overview
Headquartered in Mountlake Terrace, Washington, First Northwest Bancorp operates as a bank holding company. Through its wholly owned subsidiary, First Northwest Bank, the company offers a comprehensive range of community banking services aimed at individuals, families, and small to mid-sized businesses. The firm emphasizes local decision-making and prioritizes personalized client relationships, embodying a community-oriented banking model.
First Northwest Bank provides various deposit products, including checking and savings accounts, money market accounts, and certificates of deposit. As the company continues to navigate the financial landscape, its performance and strategic positioning will be closely monitored by investors and analysts alike.
