First Northwest BanCorp (NASDAQ:FNWB) Shares Pass Below Fifty Day Moving Average of $14.78

First Northwest BanCorp (NASDAQ:FNWB) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $14.78 and traded as low as $10.76. First Northwest BanCorp shares last traded at $12.23, with a volume of 20,000 shares traded.

A number of equities analysts have weighed in on the stock. ValuEngine upgraded shares of First Northwest BanCorp from a “sell” rating to a “hold” rating in a research report on Tuesday, March 17th. TheStreet lowered shares of First Northwest BanCorp from a “b-” rating to a “c+” rating in a research report on Tuesday, February 25th.

The firm has a market capitalization of $129.98 million, a P/E ratio of 11.71 and a beta of 0.46. The stock’s 50-day simple moving average is $14.69 and its two-hundred day simple moving average is $16.67. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.92 and a quick ratio of 0.92.

First Northwest BanCorp (NASDAQ:FNWB) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.23 earnings per share for the quarter. First Northwest BanCorp had a net margin of 16.00% and a return on equity of 5.12%. The business had revenue of $11.58 million during the quarter.

The business also recently announced a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 21st were given a dividend of $0.05 per share. This is a positive change from First Northwest BanCorp’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.88%.

In related news, CEO Matthew P. Deines bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average price of $16.85 per share, for a total transaction of $50,550.00. Also, CEO Matthew Deines bought 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were bought at an average price of $10.41 per share, with a total value of $36,435.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 9,539 shares of company stock valued at $136,931. 3.50% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the stock. Equitable Trust Co. boosted its position in shares of First Northwest BanCorp by 2.8% during the third quarter. Equitable Trust Co. now owns 40,460 shares of the financial services provider’s stock worth $701,000 after acquiring an additional 1,100 shares during the last quarter. Geode Capital Management LLC raised its stake in First Northwest BanCorp by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 112,999 shares of the financial services provider’s stock valued at $2,048,000 after purchasing an additional 1,102 shares in the last quarter. State Street Corp raised its stake in First Northwest BanCorp by 0.8% during the third quarter. State Street Corp now owns 180,449 shares of the financial services provider’s stock valued at $3,125,000 after purchasing an additional 1,435 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in First Northwest BanCorp by 4.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 31,756 shares of the financial services provider’s stock valued at $576,000 after purchasing an additional 1,492 shares in the last quarter. Finally, UBS Group AG raised its stake in First Northwest BanCorp by 35.7% during the fourth quarter. UBS Group AG now owns 11,476 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 3,017 shares in the last quarter. Hedge funds and other institutional investors own 52.89% of the company’s stock.

About First Northwest BanCorp (NASDAQ:FNWB)

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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