The First Northwest Bancorp (NASDAQ:FNWB) Lifted to B+ at TheStreet

The First Northwest Bancorp (NASDAQ:FNWB) Lifted to B+ at TheStreet

First Northwest Bancorp (NASDAQ:FNWB) was upgraded by analysts at TheStreet from a “c+” rating to a “b+” rating in a report released on Friday, October 13th.

First Northwest Bancorp (NASDAQ FNWB) traded up 2.05% on Friday, hitting $16.93. The stock had a trading volume of 3,138 shares. First Northwest Bancorp has a 1-year low of $13.45 and a 1-year high of $17.76. The company’s 50 day moving average is $16.73 and its 200-day moving average is $16.73. The firm has a market capitalization of $185.81 million, a price-to-earnings ratio of 36.80 and a beta of 0.47.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings data on Friday, August 4th. The financial services provider reported $0.10 earnings per share for the quarter. First Northwest Bancorp had a net margin of 11.91% and a return on equity of 2.83%. The company had revenue of $9.72 million for the quarter.

First Northwest Bancorp announced that its Board of Directors has authorized a stock repurchase program on Friday, September 29th that allows the company to repurchase 1,170,000 outstanding shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional investors have recently modified their holdings of the stock. Western Standard LLC grew its stake in shares of First Northwest Bancorp by 82.8% in the second quarter. Western Standard LLC now owns 55,099 shares of the financial services provider’s stock worth $869,000 after purchasing an additional 24,954 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of First Northwest Bancorp by 6.2% in the second quarter. Pacific Ridge Capital Partners LLC now owns 134,940 shares of the financial services provider’s stock worth $2,128,000 after purchasing an additional 7,910 shares during the last quarter. Spark Investment Management LLC grew its stake in shares of First Northwest Bancorp by 20.0% in the second quarter. Spark Investment Management LLC now owns 21,600 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 3,600 shares during the last quarter. Stilwell Value LLC grew its stake in shares of First Northwest Bancorp by 1,477.0% in the second quarter. Stilwell Value LLC now owns 315,400 shares of the financial services provider’s stock worth $315,000 after purchasing an additional 295,400 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of First Northwest Bancorp by 8.8% in the second quarter. Acadian Asset Management LLC now owns 218,550 shares of the financial services provider’s stock worth $3,448,000 after purchasing an additional 17,745 shares during the last quarter. 46.92% of the stock is currently owned by institutional investors.

About First Northwest Bancorp

First Northwest Bancorp is the bank holding company for First Federal Savings and Loan Association of Port Angeles (the Bank). The Bank is a community-oriented financial institution primarily serving the North Olympic Peninsula region of Washington. The Bank offers a range of products and services focused on the lending and depository needs of the communities it serves.

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