Wall Street Zen downgrades First Northwest Bancorp to 'Sell' rating

Analysts cite concerns over the bank's financial performance and outlook

Mar. 21, 2026 at 5:52am

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Wall Street Zen, an equity research firm, has downgraded shares of First Northwest Bancorp (NASDAQ:FNWB) from a 'hold' rating to a 'sell' rating. The downgrade comes as several other research firms have also recently weighed in on the bank's stock, with mixed ratings and target prices.

Why it matters

The downgrade from Wall Street Zen is a significant development for First Northwest Bancorp, as it signals growing concerns among analysts about the bank's financial performance and future prospects. This could impact investor sentiment and the stock price, and raises questions about the overall health of the regional bank.

The details

In its research note, Wall Street Zen cited a number of factors contributing to the downgrade, including the bank's recent financial results and the analysts' outlook for the company. Other research firms have also issued mixed ratings on First Northwest Bancorp's stock, with one firm maintaining a 'sell' rating and another upgrading it to a 'hold' rating.

  • Wall Street Zen issued the downgrade on Saturday, March 21, 2026.

The players

Wall Street Zen

An equity research firm that provides analysis and ratings on publicly traded companies.

First Northwest Bancorp

A bank holding company headquartered in Mountlake Terrace, Washington, that provides community banking services through its subsidiary, First Northwest Bank.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

The downgrade of First Northwest Bancorp by Wall Street Zen raises concerns about the bank's financial health and future performance, and could impact investor sentiment and the stock price. This development highlights the ongoing challenges facing regional banks in the current economic environment.