First Northwest BanCorp (NASDAQ:FNWB) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Thursday.

FNWB stock opened at $15.00 on Thursday. The firm has a market capitalization of $176.88 million, a PE ratio of 27.50 and a beta of 0.52. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.73. First Northwest BanCorp has a 12 month low of $15.00 and a 12 month high of $18.35.

First Northwest BanCorp (NASDAQ:FNWB) last released its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.15 EPS for the quarter. The business had revenue of $10.56 million for the quarter. First Northwest BanCorp had a net margin of 9.74% and a return on equity of 3.36%.

Several hedge funds have recently added to or reduced their stakes in the company. Western Standard LLC boosted its holdings in shares of First Northwest BanCorp by 5.3% in the 2nd quarter. Western Standard LLC now owns 69,599 shares of the financial services provider’s stock valued at $1,111,000 after acquiring an additional 3,500 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of First Northwest BanCorp by 1.2% in the 2nd quarter. Renaissance Technologies LLC now owns 353,300 shares of the financial services provider’s stock valued at $5,642,000 after acquiring an additional 4,200 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of First Northwest BanCorp by 20.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 236,921 shares of the financial services provider’s stock valued at $3,784,000 after acquiring an additional 39,929 shares during the last quarter. Finally, TCW Group Inc. boosted its holdings in shares of First Northwest BanCorp by 126.4% in the 2nd quarter. TCW Group Inc. now owns 104,650 shares of the financial services provider’s stock valued at $1,671,000 after acquiring an additional 58,429 shares during the last quarter. 46.57% of the stock is currently owned by institutional investors and hedge funds.

First Northwest BanCorp Company Profile

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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