Shares of First Northwest Bancorp (NASDAQ: FNWB) have been assigned a consensus rating of “Hold” by five analysts currently covering the company, as reported by MarketBeat. The analysis indicates a mixed outlook: two analysts have rated the stock as a sell, one has issued a hold rating, and two have given it a buy rating. The average price target for the stock over the next year stands at $13.50.
Several analysts have recently expressed their views on the stock. Notably, on December 22, 2023, Weiss Ratings reaffirmed its “sell (d-)” rating for First Northwest Bancorp. Earlier, Zacks Research downgraded the stock from a “hold” to a “strong sell” rating on October 31, 2023. Conversely, UBS Group upgraded First Northwest Bancorp to a “neutral” rating on November 7, 2023. The same day, Piper Sandler raised its rating from “neutral” to “overweight” and increased its price target from $10.50 to $13.50.
Stock Performance and Financial Overview
On the market, First Northwest Bancorp shares opened at $9.50 on the last trading day. The stock has seen a 1-year low of $6.05 and a high of $12.10. The company holds a market capitalization of $89.87 million and has reported a price-to-earnings (P/E) ratio of 26.39. Current financial ratios include a current ratio of 1.01, a quick ratio of 1.01, and 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.
First Northwest Bancorp released its quarterly earnings results on October 27, 2023. The firm reported earnings of $0.09 per share, which fell short of analysts’ consensus estimate of $0.18 by $0.09. Revenue for the quarter reached $16.57 million, compared to the consensus estimate of $17.25 million. The bank’s return on equity was recorded at 2.10%, alongside a net margin of 2.67%. Analysts project that First Northwest Bancorp will achieve an earnings per share (EPS) of $0.50 for the current fiscal year.
Company Profile and Services
Based in Mountlake Terrace, Washington, First Northwest Bancorp operates as a bank holding company. Through its wholly owned subsidiary, First Northwest Bank, the company provides a comprehensive range of community banking services tailored for individuals, families, and small to mid-sized businesses. The operations emphasize local decision-making and fostering personalized client relationships, reflecting a strong commitment to a community-oriented banking model.
In terms of retail offerings, First Northwest Bank presents various deposit products, including checking and savings accounts, money market accounts, and certificates of deposit. These services are designed to meet the diverse needs of their clientele while supporting the financial well-being of the communities they serve.
