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. It accepts various deposit instruments, including checking, money market deposit, savings, and transaction accounts, as well as certificates of deposit. The company also originates one- to four-family mortgage loans, commercial and multi-family real estate loans, construction and land loans, and commercial business loans, as well as consumer loans primarily consisting of automobile loans, and home-equity loans and lines of credit. It operates through ten full-service branches and a lending center in Seattle. The company was founded in 1923 and is based in Port Angeles, Washington.
IPO Year: 2015
Exchange: NASDAQ
Website: ourfirstfed.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/9/2023 | $14.00 → $13.00 | Overweight → Neutral | Piper Sandler |
| 6/1/2022 | $19.00 | Overweight | Piper Sandler |
| 1/28/2022 | $24.00 | Neutral → Overweight | Piper Sandler |
| 12/20/2021 | $23.00 | Outperform | Hovde Group |
| 9/1/2021 | $20.00 | Neutral | Piper Sandler |
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PORT ANGELES, Wash., July 28, 2021 (GLOBE NEWSWIRE) -- First Northwest Bancorp ("Company") (NASDAQ:FNWB), the holding company for First Federal Savings and Loan Association of Port Angeles ("Bank" or "First Fed"), today announced that David Blake will be retiring from the Board of Directors effective September 28, 2021. At the same time, the Board announced the appointment of Gabriel S. ("Gabe") Galanda to the Boards of Directors for the Company and First Fed. Mr. Blake has served on each Board since 2005. "On behalf of the Board of Directors we thank Dave for his many years of valuable service, and we wish him the very best as he enters retirement," said Stephen E. Oliver, Chairperson
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Piper Sandler analyst Nathan Race maintains First Northwest Bancorp (NASDAQ:FNWB) with a Neutral and lowers the price target from $17 to $12.
First Northwest Bancorp (NASDAQ:FNWB) reported quarterly earnings of $0.04 per share which missed the analyst consensus estimate of $0.12 by 66.67 percent. This is a 89.74 percent decrease over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $16.116 which missed the analyst consensus estimate of $16.500 million by 100.00 percent. This is a 100.00 percent decrease over sales of $18.639 million the same period last year.
Investors eagerly anticipate the dividend payout from First Northwest Bancorp (NASDAQ:FNWB) on November 24, 2023. With a payout of $0.07 per share and an annualized dividend yield of 2.25%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on November 09, 2023 First Northwest Bancorp Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align:
Piper Sandler analyst Jeffrey Kitsis maintains First Northwest Bancorp (NASDAQ:FNWB) with a Neutral and lowers the price target from $14 to $13.
What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the financial services sector that may be worth watching: FS Bancorp (NASDAQ:FSBW) - P/E: 7.04 Trustco Bank (NASDAQ:TRST) - P/E: 6.94 First Northwest Bancorp (NASDAQ:FNWB) - P/E: 7.42 Enterprise Bancorp (NASDAQ:EBTC) - P/E: 7.44 Codorus Valley Bancorp (NASDAQ:CVLY) - P/E: 6.27 Most recently, FS Bancorp reported earnings per share at $1.25, whereas i
What is a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the financial services sector: First Northwest Bancorp (NASDAQ:FNWB) - P/E: 7.49 American Intl Gr (NYSE:AIG) - P/E: 8.89 Flushing Financial (NASDAQ:FFIC) - P/E: 8.94 German American Bancorp (NASDAQ:GABC) - P/E: 9.
The most overbought stocks in the financial sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. First Northwest Bancorp (NASDAQ:FNWB) First Northwest Bancorp reported quarterly net income of $1.8 million for the second quarter of 2023. "We grew deposits this quarter and ar
Upgrades Stifel upgraded the previous rating for Repare Therapeutics Inc (NASDAQ:RPTX) from Hold to Buy. Repare Therapeutics earned $0.83 in the first quarter, compared to $0.83 in the year-ago quarter. At the moment, the stock has a 52-week-high of $18.59 and a 52-week-low of $8.53. Repare Therapeutics closed at $11.92 at the end of the last trading period. According to Canaccord Genuity, the prior rating for Triple Flag Precious Metals Corp (NYSE:TFPM) was changed from Hold to Buy. For Vertiv Holdings Co (NYSE:VRT), Vertical Research upgraded the previous rating of Hold to Buy. For the first quarter, Vertiv Hldgs had an EPS of $0.24, compared to year-ago quarter EPS of $0.08. At the m
Piper Sandler analyst Jeffrey Kitsis downgrades First Northwest Bancorp (NASDAQ:FNWB) from Overweight to Neutral and lowers the price target from $14 to $13.
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Piper Sandler downgraded First Northwest Bancorp from Overweight to Neutral and set a new price target of $13.00 from $14.00 previously
Piper Sandler resumed coverage of First Northwest Bancorp with a rating of Overweight and set a new price target of $19.00
Piper Sandler upgraded First Northwest Bancorp from Neutral to Overweight and set a new price target of $24.00
Hovde Group initiated coverage of First Northwest Bancorp with a rating of Outperform and set a new price target of $23.00
Piper Sandler initiated coverage of First Northwest Bancorp with a rating of Neutral and set a new price target of $20.00
PORT ANGELES, Wash., Oct. 29, 2024 (GLOBE NEWSWIRE) -- CEO Commentary"This was a quarter of mixed results. Progress on customer deposit gathering and the termination of the FDIC Consent Order was overshadowed by a quarterly loss driven by additional provisions primarily related to certain equity loans made to high net worth, accredited investors. The teamwork and collaboration between Staff, Management and the Board to address the matters identified in the Consent Order is demonstrative of the qualifications, determination and capabilities of the First Fed team. We appreciate that the FDIC acknowledged the planning, monitoring and execution required to comply with the Order
PORT ANGELES, Wash., Oct. 28, 2024 (GLOBE NEWSWIRE) -- First Fed Bank (the "Bank"), the wholly owned subsidiary of First Northwest Bancorp (the "Company") (NASDAQ:FNWB), announced that on October 23, 2024, the Federal Deposit Insurance Corporation terminated the Consent Order issued to the Bank that was effective November 21, 2023. The termination of the Consent Order follows the Bank's successful resolution of the deficiencies in the Bank's compliance program that was the subject of the Order. "We are thrilled to announce the termination of the Consent Order. The Board and I want to convey our sincere thanks and appreciation to our entire compliance team who worked so diligently to stre
PORT ANGELES, Wash., July 25, 2024 (GLOBE NEWSWIRE) -- "In spite of challenging times for the entire industry as a result of the rate environment, First Northwest executed on a balance sheet restructure strategy. The restructure included a sale-leaseback transaction for six of our branches, a restructure of our bank-owned life insurance policies, two securities loss sale transactions, two balance sheet hedges against fixed rate loans and municipal bonds and the sale of our Visa B shares," commented Matthew P. Deines, President and CEO. "As a result, we reached an inflection point for the net interest margin in the second quarter after declines for the preceding five quarters. We also reduc
PORT ANGELES, Wash., July 09, 2024 (GLOBE NEWSWIRE) -- First Fed Bank and its holding company, First Northwest Bancorp (NASDAQ:FNWB) (collectively the "Company"), announced the retirement of Jennifer Zaccardo from the Company's Boards of Directors, effective July 02, 2024. "On behalf of the Board of Directors we thank Jennifer for her many years of valuable service, and we wish her the very best as she enters retirement," said Cindy Finnie, Board Chair of FNWB and First Fed. Zaccardo served on the First Fed Board for 13 years and the FNWB Board for 9 years, bringing a wealth of knowledge and dedication to the Company's growth and success. She also recently served as Vice Chair of both bo
PORT ANGELES, Wash., July 01, 2024 (GLOBE NEWSWIRE) -- First Fed Bank, subsidiary of First Northwest Bancorp (NASDAQ:FNWB) ("Company"), today announced that Kyle Henderson has been promoted to Chief Credit Officer. Henderson joined First Fed as Deputy Chief Credit Officer in 2023. "Kyle Henderson is a respected banking leader with an outstanding track record in credit administration. Over the past year, Kyle has ramped up on our market and gained the trust of our customers and team. We expect a smooth transition as he takes the helm of credit administration leadership with related financial and managerial responsibilities," said Matt Deines, President and CEO of First Fed Bank and FNWB.
PORT ANGELES, Wash., April 25, 2024 (GLOBE NEWSWIRE) -- "The company returned to profitability in Q1 2024 following the first step of our balance sheet restructure in the fourth quarter of 2023," said Matthew P. Deines, President and CEO. "We continue to execute on this strategy as we added over $90 million in current market rate loans and securities over the course of the first quarter. We will continue this strategy in the second quarter as we prepare to execute on a sale-leaseback transaction for six of our branches located on the Olympic Peninsula. We anticipate this transaction will enable additional securities sales, furthering our goal of increasing our net interest margin and overa
PORT ANGELES, Wash., April 08, 2024 (GLOBE NEWSWIRE) -- First Fed Bank has announced two new executive roles to foster a sharpened focus on digital and strategic initiatives. David Edelstein has been hired as Chief Innovation Officer, and will lead digital banking, technology, data, and fintech partnerships. Edelstein brings more than 25 years of leadership experience in financial services and technology. "David is a skilled technology leader with significant knowledge and expertise in data, digital banking, payments, and innovation. He brings technological depth and financial solutions expertise to lead First Fed on our digital journey," stated Matt Deines, CEO of First Fed Bank and Fi
PORT ANGELES, Wash., March 27, 2024 (GLOBE NEWSWIRE) -- First Fed Bank, subsidiary of First Northwest Bancorp (NASDAQ:FNWB), announced today that Sean Brennan has been appointed to the Board of Directors. "Sean is a respected, results-oriented leader with over 35 years of financial industry experience. As a commercial banking executive, he built an impressive track record of consistent loan and deposit growth. Sean will bring valuable insight and diligent oversight to our board," said Matt Deines, President and CEO of First Fed Bank and FNWB. "First Fed has a strong reputation for conservative financial management and community service. As a native of Aberdeen, it is an honor to serve on
PORT ANGELES, Wash., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Matthew P. Deines, President and CEO, comments on financial results:"2023 was the most challenging year for many banks since the great recession," said Matthew P. Deines, President and CEO. "That was certainly the case for First Northwest Bancorp and First Fed Bank. In spite of our challenges, we celebrated our 100th anniversary in 2023, and we continue to celebrate our customers, employees and communities as we enter our second century. While we posted an operating loss in the 4th quarter, largely due to a restructure of our bond portfolio, changes to market rates led to an increase in tangible book value per share compared to Septe
PORT ANGELES, Wash., Dec. 11, 2023 (GLOBE NEWSWIRE) -- First Fed Bank, subsidiary of First Northwest Bancorp (NASDAQ:FNWB) ("Company"), today announced that Sherilyn Anderson has been elected as to Board Vice Chair. Anderson has served as a Board Member since 2020. "Sherilyn is a seasoned financial leader with deep banking industry experience. She brings a strong focus on financial stewardship while navigating investment and growth opportunities," said Matt Deines, President and CEO of First Fed Bank and FNWB. "As a community bank, First Fed plays a vital role in partnering with people and local businesses on their financial strategics. I'm excited to take on new responsibilities as Vi
PORT ANGELES, Wash., July 27, 2022 (GLOBE NEWSWIRE) -- First Northwest Bancorp (NASDAQ:FNWB) Q2 2022 Net IncomeQ2 2022 Diluted Earnings Per ShareYTD Loan GrowthQ2 2022 Net Interest MarginBook Value per Share$2.5 million$0.278.0%3.77%$16.60 $16.40*, excluding goodwill and intangibles CEO Commentary "Our commercial bank shined this quarter as loan growth combined with increasing yields and stable deposit costs to drive increases in net interest income and net interest margin," said Matthew P. Deines, President and CEO of First Northwest Bancorp. "Expenses were impacted by investments in our fintech initiatives and partnerships, which we expect to moderate in the coming quarters. We are
PORT ANGELES, Wash., April 29, 2022 (GLOBE NEWSWIRE) -- First Northwest Bancorp (NASDAQ:FNWB) Q1 2022 Net IncomeQ1 2022 Diluted Earnings Per ShareQ1 2022 Net Interest MarginBook Value per Share$2.8 million$0.303.53%$17.77 $17.561, excluding goodwill and intangibles CEO Commentary "We made good progress in the first quarter, continuing to build First Fed into a leading, fintech-enabled community bank," said Matthew P. Deines, President and CEO of First Northwest Bancorp. "We announced a strategic partnership with Splash Financial to meet the financial needs of consumers across the United States. We expanded the Quin Ventures product offering in response to marketplace demand. And w
PORT ANGELES, Wash., Jan. 26, 2022 (GLOBE NEWSWIRE) -- First Northwest Bancorp (NASDAQ:FNWB) Q4 2021 Net IncomeQ4 2021 DilutedEarnings Per ShareYTD Loan GrowthQ4 2021Net Interest MarginBook Value per Share$5.1 million$0.5618%3.58%$19.10$18.891, excludinggoodwill and intangibles CEO Commentary "The fourth quarter concluded a record year of profitability and growth for First Fed," said Matthew P. Deines, President and CEO of First Northwest Bancorp. "We couldn't be more pleased with the First Fed team, who worked together to deliver second-to-none financial solutions to the communities we serve." "The strategic investments and activities we began in 2020 conti
PORT ANGELES, Wash., Oct. 27, 2021 (GLOBE NEWSWIRE) -- First Northwest Bancorp (NASDAQ:FNWB) Net IncomeDiluted Earnings Per ShareYTD Loan GrowthNet Interest MarginBook Value per Share$4.2 Million$0.4518%3.58%$18.65$18.481, excluding goodwill and intangibles CEO Commentary "First Fed achieved strong loan growth and record earnings in the third quarter as our strategic investment in technology, market expansion and personnel continues to deliver results," said Matthew P. Deines, President and CEO of First Northwest Bancorp. "We believe our momentum will help us to continue to grow revenue, deliver results and create shareholder value in the years to come." "We continue to make progress on
PORT ANGELES, Wash., July 28, 2021 (GLOBE NEWSWIRE) -- First Northwest Bancorp (NASDAQ:FNWB) ("Company"), the holding company for First Federal Savings and Loan Association of Port Angeles ("Bank" or "First Fed"), today reported net income of $3.0 million, or $0.32 per diluted share, for the second quarter of 2021, an increase of 51.6% compared to $2.0 million, or $0.21 per diluted share, for the second quarter a year ago, and a decrease of 4.0% compared to $3.1 million, or $0.34 per diluted share, for the first quarter of 2021. Second quarter results reflect strong year-over-year revenue generation, solid core deposit and loan growth, and excellent credit quality. The decrease from the pr
PORT ANGELES, Wash., July 26, 2021 (GLOBE NEWSWIRE) -- First Northwest Bancorp (NASDAQ:FNWB) (the "Company"), the holding company for First Federal Savings and Loan Association of Port Angeles ("First Fed"), has completed the acquisition of a Bellevue, Washington branch from Sterling Bank and Trust of Southfield, Michigan ("SBT"). "We are excited to welcome our new customers and Bellevue team members to First Fed, recently recognized by Forbes as a top bank in our state," said Matt Deines, President and CEO of First Fed. "Our team looks forward to serving King County by building the same strong relationships that have defined our history as a community bank." Last month First Fed was nam
PORT ANGELES, Wash., April 28, 2021 (GLOBE NEWSWIRE) -- First Northwest Bancorp (NASDAQ:FNWB) ("Company"), the holding company for First Federal Savings and Loan Association of Port Angeles ("Bank" or "First Fed"), today reported that net income increased 257.6% to $3.1 million, or $0.34 per diluted share, for the first quarter of 2021, compared to $873,000, or $0.09 per diluted share, for the first quarter a year ago, and decreased compared to net income of $3.8 million, or $0.41 per diluted share, for the fourth quarter of 2020. First quarter results reflected strong year-over-year revenue growth, core deposit growth and net interest margin expansion. The decrease from the prior period w
PORT ANGELES, Wash., Jan. 28, 2021 (GLOBE NEWSWIRE) -- First Northwest Bancorp (Nasdaq: FNWB) (“Company”), the holding company for First Federal Savings and Loan Association of Port Angeles (“Bank” or "First Federal"), today reported net income increased 72.0% to $3.8 million, or $0.41 per diluted share, for the fourth quarter of 2020, compared to $2.2 million, or $0.23 per diluted share, for the fourth quarter a year ago, an increase of 3.8% compared to $3.7 million, or $0.40 per diluted share, for the third quarter of 2020. Fourth quarter results reflected strong loan and deposit growth, net interest margin expansion and improved efficiency. For the year 2020, net income increased 14.7%