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First Northwest Bancorp Faces Lawsuit Over Fraud Allegations

Story Highlights
  • 3|5|2 Capital filed a lawsuit against First Fed Bank alleging involvement in a fraudulent bond scheme.
  • First Northwest Bancorp denies the allegations and plans to defend against the claims vigorously.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
First Northwest Bancorp Faces Lawsuit Over Fraud Allegations

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An update from First Northwest Bancorp ( (FNWB) ) is now available.

On June 10, 2025, 3|5|2 Capital GP LLC filed a lawsuit against First Fed Bank, a subsidiary of First Northwest Bancorp, in the Superior Court of Washington. The complaint alleges that the bank was involved in a fraudulent scheme related to bonds issued by Water Station Management, which is undergoing bankruptcy proceedings. The lawsuit seeks over $106 million in damages, claiming the bank aided in misappropriating funds. First Northwest Bancorp and its bank subsidiary strongly deny the allegations and plan to defend themselves vigorously.

The most recent analyst rating on (FNWB) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on First Northwest Bancorp stock, see the FNWB Stock Forecast page.

Spark’s Take on FNWB Stock

According to Spark, TipRanks’ AI Analyst, FNWB is a Neutral.

First Northwest Bancorp’s overall score reflects a challenging financial landscape with profitability issues despite revenue growth. The company’s strong balance sheet and recent profitability turnaround are positive, but liquidity and valuation concerns persist. Technical indicators suggest a cautious outlook, with mixed signals on market momentum.

To see Spark’s full report on FNWB stock, click here.

More about First Northwest Bancorp

First Northwest Bancorp operates in the financial services industry, with its primary services provided through its bank subsidiary, First Fed Bank.

Average Trading Volume: 14,728

Technical Sentiment Signal: Sell

Current Market Cap: $82.23M

For an in-depth examination of FNWB stock, go to TipRanks’ Overview page.

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