Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for First Northwest Bancorp (NASDAQ: FNWB) weakened of late. FNWB’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
On 5/20/24, First Northwest Bancorp (NASDAQ: FNWB) stock declined modestly by -1.5%, closing at $10.95. However, this decline was accompanied by unusually low trading volume at 52% of normal. Relative to the market the stock has been weak over the last nine months but has risen 2.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, FNWB is expected to continue to be Value Creation neutral.
First Northwest Bancorp has a current Value Trend Rating of D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. First Northwest Bancorp has a slightly positive Appreciation Score of 62 but a poor Power Rating of 22, and the Negative Value Trend Rating results.
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