Piper Sandler Increases First Northwest Bancorp (NASDAQ:FNWB) Price Target to $12.00

First Northwest Bancorp (NASDAQ:FNWB) had its price objective hoisted by equities research analysts at Piper Sandler from $11.00 to $12.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s target price suggests a potential upside of 10.60% from the company’s current price.

Separately, Hovde Group initiated coverage on shares of First Northwest Bancorp in a report on Monday, January 13th. They issued an “outperform” rating and a $13.50 target price for the company.

First Northwest Bancorp Stock Down 0.5 %

Shares of FNWB stock opened at $10.85 on Monday. 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 12 month low of $8.91 and a 12 month high of $16.00. The stock 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 50 day simple moving average of $10.58 and a two-hundred day simple moving average of $10.56.

First Northwest Bancorp (NASDAQ:FNWB) last announced its earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates 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%. On average, research analysts expect that First Northwest Bancorp will post 0.75 earnings per share for the current year.

Hedge Funds Weigh In On First Northwest Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of FNWB. Barclays PLC boosted its position in shares of First Northwest Bancorp by 60.5% during the 3rd quarter. Barclays PLC now owns 6,815 shares of the financial services provider’s stock valued at $72,000 after acquiring an additional 2,568 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of First Northwest Bancorp in the 4th quarter worth about $277,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of First Northwest Bancorp during the 3rd quarter valued at about $350,000. Pure Portfolios Holdings LLC bought a new position in shares of First Northwest Bancorp in the 3rd quarter valued at about $353,000. Finally, Fourthstone LLC grew its position in First Northwest Bancorp by 0.3% in the third quarter. Fourthstone LLC now owns 941,768 shares of the financial services provider’s stock worth $10,077,000 after acquiring an additional 3,239 shares in the last quarter. Institutional investors own 66.11% of the company’s stock.

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.