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First Northwest Bancorp
(NASDAQ:FNWB)
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Rating:43Neutral
Price Target:
$9.50
▼(-13.95% Downside)
Action:Reiterated
Date:09/18/26
The score is held down primarily by weak and volatile financial performance (recent losses, thin TTM margins, shrinking revenue, and high leverage versus low ROE) and bearish technicals (price below key moving averages with negative MACD). Valuation is also unfavorable due to a very high P/E relative to modest profitability, while corporate events add incremental risk via a litigation settlement and mixed operating update.
Positive Factors
Positive cash generation
Positive trailing-twelve-month operating and free cash flow provides an internal source of funding for banking operations and strategic priorities. Although recent cash generation has been uneven, the return to positive cash flow improves near-term financial flexibility and supports resilience over the next several quarters.
Negative Factors
Thin and volatile profitability
The return to modest profitability does not yet demonstrate durable earnings power because operating profitability remains extremely thin after losses in the prior two years. Such limited margins leave results vulnerable to changes in funding costs, credit provisions, and operating expenses over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive cash generation
Positive trailing-twelve-month operating and free cash flow provides an internal source of funding for banking operations and strategic priorities. Although recent cash generation has been uneven, the return to positive cash flow improves near-term financial flexibility and supports resilience over the next several quarters.
Read all positive factors
First Northwest Bancorp (FNWB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$92.36M
Dividend Yield2.84%
Average Volume (3M)29.81K
Price to Earnings (P/E)61.5
Beta (1Y)0.16
Revenue Growth-6.12%
EPS GrowthN/A
CountryUS
Employees242
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.16
Shares Outstanding9,511,615
10 Day Avg. Volume31,829
30 Day Avg. Volume29,808
Financial Highlights & Ratios
PEG Ratio0.54
Price to Book (P/B)0.57
Price to Sales (P/S)0.84
P/FCF Ratio-32.48
Enterprise Value/Market Cap4.45
Enterprise Value/Revenue4.03
Enterprise Value/Gross Profit7.19
Enterprise Value/Ebitda321.18
Forecast
1Y Price Target
$15.00Price Target Upside35.87% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.08
Revenue Forecast (FY)$67.15M
First Northwest Bancorp Business Overview & Revenue Model
Company Description
First Northwest Bancorp serves as the parent company for First Fed Bank, a financial institution that delivers a broad spectrum of commercial and consumer banking services. These services are provided to individuals, businesses, and nonprofit orga...
How the Company Makes Money
FNWB makes money primarily through its banking subsidiary by earning (1) net interest income and (2) noninterest income. Net interest income is generated from the spread between interest earned on interest-earning assets—primarily loans to consume...
First Northwest Bancorp Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
46
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 102.09M | 107.19M | 117.03M | 104.92M | 90.70M | 79.31M |
| Gross Profit | 57.19M | 50.67M | 44.52M | 64.13M | 78.66M | 72.59M |
| EBITDA | 1.28M | -4.60M | -6.14M | 4.29M | 18.40M | 19.72M |
| Net Income | 1.50M | -4.19M | -6.61M | 2.29M | 15.64M | 15.42M |
Balance Sheet | ||||||
| Total Assets | 2.12B | 2.11B | 2.23B | 2.20B | 2.04B | 1.92B |
| Cash, Cash Equivalents and Short-Term Investments | 301.68M | 90.68M | 412.79M | 418.79M | 372.17M | 470.23M |
| Total Debt | 329.22M | 324.58M | 353.55M | 327.36M | 285.36M | 119.28M |
| Total Liabilities | 1.97B | 1.95B | 2.08B | 2.04B | 1.88B | 1.73B |
| Stockholders Equity | 158.31M | 157.26M | 153.88M | 163.34M | 161.57M | 190.96M |
Cash Flow | ||||||
| Free Cash Flow | 16.09M | -2.76M | 16.88M | 16.30M | 12.99M | 9.14M |
| Operating Cash Flow | 17.39M | -2.76M | 16.88M | 17.88M | 15.90M | 15.15M |
| Investing Cash Flow | 71.24M | 133.35M | -87.07M | -84.19M | -237.65M | -136.86M |
| Financing Cash Flow | -78.14M | -117.62M | 19.47M | 143.89M | 141.32M | 182.57M |
First Northwest Bancorp Technical Analysis
Negative
11.04
Price Trends
10.67
Negative
10.73
Negative
10.22
Negative
Market Momentum
-0.27
Negative
35.87
Neutral
31.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FNWB, the sentiment is Negative. The current price of 11.04 is above the 20-day moving average (MA) of 10.00, above the 50-day MA of 10.67, and above the 200-day MA of 10.22, indicating a bearish trend. The MACD of -0.27 indicates Negative momentum. The RSI at 35.87 is Neutral, neither overbought nor oversold. The STOCH value of 31.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FNWB.
First Northwest Bancorp Risk Analysis
First Northwest Bancorp disclosed 33 risk factors in its most recent earnings report. First Northwest Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
First Northwest Bancorp Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $123.40M | 10.67 | 14.30% | 1.47% | 6.20% | 60.60% | |
68 Neutral | $90.94M | 12.19 | 7.41% | 1.69% | 3.83% | 33.60% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $83.17M | 10.45 | 11.53% | 6.55% | 6.21% | 8.32% | |
53 Neutral | $82.99M | 35.38 | 2.22% | 3.97% | -6.91% | ― | |
51 Neutral | $108.61M | -4.27 | -7.74% | 3.21% | 10.60% | -935.88% | |
43 Neutral | $92.36M | 61.48 | 0.96% | 2.84% | -6.12% | ― |
* Financial Sector Average
FNWB
First Northwest Bancorp
9.71
1.84
23.38%
BOTJ
Bank Of The Jame Financial
27.16
11.79
76.70%
BYFC
Broadway Financial
11.71
4.50
62.34%
SSBI
Summit State Bank
12.26
0.50
4.21%
UBCP
United Bancorp
14.50
1.82
14.36%
FUSB
First US Bancshares
16.52
4.30
35.23%
First Northwest Bancorp Corporate Events
Legal Proceedings
First Northwest Bancorp Settles Legal Dispute with Socotra
Negative
Sep 18, 2026
First Northwest Bancorp, the parent of First Fed Bank, resolved a legal dispute stemming from an October 17, 2025 complaint filed by Socotra REIT I, LLC in Washington State court over a commercial loan involving Ideal Property Investments LLC. Soc...
Business Operations and StrategyFinancial Disclosures
First Northwest Bancorp Reports Mixed Q2 2026 Results
Negative
Jul 29, 2026
On July 29, 2026, First Northwest Bancorp reported second-quarter 2026 net income of $308,000, up from $6,000 in the first quarter but sharply lower than $3.7 million a year earlier, with earnings of $0.03 per share versus $0.42 in the prior-year ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.