First Northwest Bancorp price target raised to $12 from $11 at Piper Sandler

Piper Sandler raised the firm’s price target on First Northwest Bancorp (FNWB) to $12 from $11 and keeps a Neutral rating on the shares. While First Northwest Bancorp had another difficult quarter from a credit and profitability perspective given elevated NCOs tied to previously flagged loans and a FinTech-related equity investment write-down, the firm is optimistic that asset quality and other noise should moderate going forward.