ValuEngine Upgrades First Northwest BanCorp (FNWB) to “Hold”

ValuEngine upgraded shares of First Northwest BanCorp (NASDAQ:FNWB) from a sell rating to a hold rating in a report released on Wednesday, April 3rd, ValuEngine reports.

Shares of FNWB traded up $0.18 during trading hours on Wednesday, hitting $16.03. The stock had a trading volume of 8,000 shares, compared to its average volume of 16,254. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $175.00 million, a P/E ratio of 23.13 and a beta of 0.54. First Northwest BanCorp has a fifty-two week low of $13.56 and a fifty-two week high of $16.98.

First Northwest BanCorp (NASDAQ:FNWB) last released its earnings results on Friday, February 1st. The financial services provider reported $0.21 earnings per share (EPS) for the quarter. First Northwest BanCorp had a net margin of 13.74% and a return on equity of 4.12%. The business had revenue of $11.01 million during the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, June 6th.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA grew its holdings in shares of First Northwest BanCorp by 528.5% in the first quarter. BNP Paribas Arbitrage SA now owns 1,942 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 1,633 shares during the period. Citigroup Inc. grew its holdings in shares of First Northwest BanCorp by 157.8% in the fourth quarter. Citigroup Inc. now owns 6,761 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 4,138 shares during the period. Rhumbline Advisers purchased a new stake in shares of First Northwest BanCorp in the fourth quarter valued at about $198,000. Equitable Trust Co. purchased a new stake in shares of First Northwest BanCorp in the fourth quarter valued at about $305,000. Finally, Strs Ohio grew its holdings in shares of First Northwest BanCorp by 2.9% in the fourth quarter. Strs Ohio now owns 35,400 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 1,000 shares during the period. 48.31% of the stock is owned by hedge funds and other institutional investors.

About First Northwest BanCorp

First Northwest Bancorp operates as a bank holding company for First Federal Savings and Loan Association of Port Angeles that provides commercial and consumer banking services to individuals, businesses, and nonprofit organizations in western Washington, the United States. The company offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, transaction accounts, and certificates of deposit.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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