First Northwest Bancorp (NASDAQ:FNWB) Given New $12.00 Price Target at Piper Sandler

First Northwest Bancorp (NASDAQ:FNWB) had its target price cut by analysts at Piper Sandler from $17.00 to $12.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s target price would indicate a potential upside of 15.94% from the company’s current price.

Several other brokerages also recently issued reports on FNWB. TheStreet downgraded shares of First Northwest Bancorp from a “c+” rating to a “d+” rating in a research report on Thursday, January 25th. StockNews.com raised shares of First Northwest Bancorp from a “sell” rating to a “hold” rating in a report on Friday, March 1st.

First Northwest Bancorp Trading Up 1.0 %

First Northwest Bancorp stock traded up $0.10 during mid-day trading on Wednesday, hitting $10.35. 190 shares of the company’s stock were exchanged, compared to its average volume of 16,007. The company’s 50 day simple moving average is $14.19 and its 200-day simple moving average is $14.31. First Northwest Bancorp has a fifty-two week low of $9.94 and a fifty-two week high of $16.12. The firm has a market capitalization of $97.70 million, a P/E ratio of 41.40 and a beta of 0.77. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.96.

Insider Activity at First Northwest Bancorp

In related news, EVP Terry A. Anderson sold 3,100 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $15.72, for a total transaction of $48,732.00. Following the completion of the transaction, the executive vice president now owns 16,677 shares in the company, valued at $262,162.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have purchased a total of 2,099 shares of company stock valued at $33,020 over the last 90 days. Insiders own 4.94% of the company’s stock.

Institutional Investors Weigh In On First Northwest Bancorp

Hedge funds have recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. bought a new position in shares of First Northwest Bancorp in the third quarter worth approximately $436,000. Pacific Ridge Capital Partners LLC grew its holdings in First Northwest Bancorp by 2.1% in the third quarter. Pacific Ridge Capital Partners LLC now owns 301,674 shares of the financial services provider’s stock worth $3,702,000 after purchasing an additional 6,341 shares during the period. Brandywine Global Investment Management LLC raised its stake in First Northwest Bancorp by 2.0% during the third quarter. Brandywine Global Investment Management LLC now owns 119,961 shares of the financial services provider’s stock valued at $1,472,000 after buying an additional 2,400 shares during the last quarter. Equitable Trust Co. increased its stake in First Northwest Bancorp by 6.6% during the 4th quarter. Equitable Trust Co. now owns 19,496 shares of the financial services provider’s stock valued at $311,000 after purchasing an additional 1,201 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of First Northwest Bancorp by 21.9% in the 3rd quarter. Barclays PLC now owns 6,022 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 1,083 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.