The stock of First Northwest BanCorp (NASDAQ:FNWB) reached all time high today, Nov, 21 and still has $23.40 target or 58.00% above today’s $14.81 share price. This indicates more upside for the $193.56 million company. This technical setup was reported by Barchart.com. If the $23.40 PT is reached, the company will be worth $112.26M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.14% or $0.02 on November 21, hitting $14.81. About 26,621 shares traded hands. First Northwest BanCorp (NASDAQ:FNWB) has risen 14.12% since April 19, 2016 and is uptrending. It has outperformed by 10.26% the S&P500.
According to Zacks Investment Research, “First Northwest Bancorp is the bank holding company for First Federal Savings and Loan Association of Port Angeles. It offers checking, savings, money market accounts; demand and NOW deposits, certificates of deposit, commercial lending products as well as electronic banking and online banking services. First Northwest Bancorp is based in Port Angeles, Washington.”
More important recent First Northwest BanCorp (NASDAQ:FNWB) news were published by: Globenewswire.com which released: “First Northwest Bancorp Announces Adoption of a Stock Repurchase Plan” on September 28, 2016, also Globenewswire.com published article titled: “First Northwest Bancorp Announces Retirement and Nomination of a Director”, Globenewswire.com published: “First Northwest Bancorp Announces Completion of Conversion and Stock Offering” on January 29, 2015. More interesting news about First Northwest BanCorp (NASDAQ:FNWB) was released by: Reuters.com and their article: “BRIEF-First northwest bancorp reports Q1 earnings per share $0.06” with publication date: October 25, 2016.
FNWB Company Profile
First Northwest Bancorp, incorporated on August 14, 2012, is the bank holding firm for First Federal Savings and Loan Association of Port Angeles (the Bank). The Bank is a community-oriented financial institution primarily serving the North Olympic Peninsula region of Washington. The Bank offers a range of services and products focused on the lending and depository needs of the communities it serves. The Bank provides commercial and consumer banking services to individuals and businesses located primarily on the Olympic Peninsula in the State of Washington. These services include deposit and lending transactions that are supplemented with borrowing and investing activities.
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