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First Northwest Bancorp
(NASDAQ:FNWB)
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Rating:48Neutral
Price Target:
$11.00
▲(9.02% Upside)
Action:Reiterated
Date:05/22/26
The score is held down mainly by weak valuation (extremely high P/E) and an only partial financial recovery (improving TTM profitability and cash flow, but with revenue softness, high leverage, and historically volatile results). Technicals are neutral-to-slightly constructive, and the recent equity-plan approval is a modest, mixed corporate-event factor.
Positive Factors
Improved cash generation
TTM operating and free cash flow (~$19.9M) covering net income demonstrates the bank can internally fund operations and absorb shortfalls. Durable cash generation strengthens liquidity, supports lending capacity, and provides flexibility for capital allocation over the next several months.
Negative Factors
Elevated leverage
Leverage above two times equity leaves a thin capital buffer for a regional bank, increasing sensitivity to credit losses or funding shocks. Structurally higher debt constrains capital flexibility, heightens regulatory scrutiny risk, and reduces room to absorb future adverse cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
TTM operating and free cash flow (~$19.9M) covering net income demonstrates the bank can internally fund operations and absorb shortfalls. Durable cash generation strengthens liquidity, supports lending capacity, and provides flexibility for capital allocation over the next several months.
Read all positive factors
First Northwest Bancorp (FNWB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$106.30M
Dividend Yield2.88%
Average Volume (3M)21.84K
Price to Earnings (P/E)20.5
Beta (1Y)0.22
Revenue Growth-3.63%
EPS GrowthN/A
CountryUS
Employees242
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.55
Shares Outstanding9,499,300
10 Day Avg. Volume10,691
30 Day Avg. Volume21,836
Financial Highlights & Ratios
PEG Ratio0.54
Price to Book (P/B)0.57
Price to Sales (P/S)0.84
P/FCF Ratio62.73
Enterprise Value/Market Cap3.16
Enterprise Value/Revenue3.23
Enterprise Value/Gross Profit5.87
Enterprise Value/Ebitda67.52
Forecast
1Y Price Target
$13.50Price Target Upside33.80% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.2
Revenue Forecast (FY)$68.55M
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
46
Neutral
Balance Sheet
44
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 103.94M | 107.19M | 117.03M | 104.92M | 90.70M | 79.31M |
| Gross Profit | 57.20M | 50.67M | 44.52M | 64.13M | 78.66M | 72.59M |
| EBITDA | 4.97M | -5.17M | -6.14M | 4.29M | 18.40M | 19.72M |
| Net Income | 4.85M | -4.19M | -6.61M | 2.29M | 15.64M | 15.42M |
Balance Sheet | ||||||
| Total Assets | 2.13B | 2.11B | 2.23B | 2.20B | 2.04B | 1.92B |
| Cash, Cash Equivalents and Short-Term Investments | 111.69M | 90.68M | 412.79M | 418.79M | 372.17M | 470.23M |
| Total Debt | 344.41M | 324.58M | 353.55M | 327.36M | 285.36M | 119.28M |
| Total Liabilities | 1.98B | 1.95B | 2.08B | 2.04B | 1.88B | 1.73B |
| Stockholders Equity | 156.97M | 157.26M | 153.88M | 163.34M | 161.57M | 190.96M |
Cash Flow | ||||||
| Free Cash Flow | 19.50M | 1.43M | 16.88M | 16.30M | 12.99M | 9.14M |
| Operating Cash Flow | 19.87M | 1.43M | 16.88M | 17.88M | 15.90M | 15.15M |
| Investing Cash Flow | 58.04M | 4.23M | -87.07M | -84.19M | -237.65M | -136.86M |
| Financing Cash Flow | -44.10M | 1.48M | 19.47M | 143.89M | 141.32M | 182.57M |
First Northwest Bancorp Technical Analysis
Positive
10.09
Price Trends
10.24
Positive
9.83
Positive
9.61
Positive
Market Momentum
0.29
Negative
69.13
Neutral
65.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FNWB, the sentiment is Positive. The current price of 10.09 is below the 20-day moving average (MA) of 10.73, below the 50-day MA of 10.24, and above the 200-day MA of 9.61, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 69.13 is Neutral, neither overbought nor oversold. The STOCH value of 65.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $118.63M | 10.78 | 14.13% | 2.18% | 5.49% | 66.01% | |
72 Outperform | $92.19M | 15.48 | 5.92% | 2.08% | 3.98% | -20.75% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $90.40M | 14.97 | 5.95% | ― | -5.51% | ― | |
63 Neutral | $88.51M | 11.18 | 11.80% | 6.51% | 7.19% | 9.14% | |
51 Neutral | $90.46M | -3.57 | -7.66% | ― | 2.16% | -1083.24% | |
48 Neutral | $106.30M | 20.48 | 3.14% | 2.88% | -3.63% | ― |
* Financial Sector Average
FNWB
First Northwest Bancorp
11.28
3.28
41.00%
BOTJ
Bank Of The Jame Financial
26.08
12.10
86.51%
BYFC
Broadway Financial
9.75
1.68
20.82%
SSBI
Summit State Bank
13.32
1.77
15.32%
UBCP
United Bancorp
15.32
2.15
16.35%
FUSB
First US Bancshares
16.51
4.04
32.41%
First Northwest Bancorp Corporate Events
Business Operations and StrategyShareholder Meetings
First Northwest Bancorp Shareholders Approve Amended Equity Plan
Positive
May 22, 2026
At its May 19, 2026 annual meeting, First Northwest Bancorp shareholders approved an amended and restated 2020 Equity Incentive Plan that increases the share pool for equity awards from 520,000 to 820,000 and modernizes plan terms, including gover...
Financial DisclosuresRegulatory Filings and Compliance
First Northwest Bancorp Provides First-Quarter 2026 Investor Update
Neutral
May 4, 2026
On May 4, 2026, First Northwest Bancorp released an investor slide presentation reviewing its financial results and trends for the quarter and three months ended March 31, 2026. The materials were made available as an exhibit to a current report, ...
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.