First Northwest Bancorp (NASDAQ:FNWB) Stock Price Passes Above Fifty Day Moving Average of $14.66

First Northwest Bancorp (NASDAQ: FNWB) is a regional bank headquartered in Seattle, Washington. The company operates primarily in the Pacific Northwest region of the United States, with branches and loan production offices throughout the region.

As of the most recent trading session on August 19, 2021, the stock price of First Northwest Bancorp closed at $15.47, which is above its fifty-day moving average of $14.66. The fifty-day moving average is a technical indicator that shows the average price of a security over the past fifty trading days. It is often used by investors to identify trends and potential buying or selling opportunities.

First Northwest Bancorp has been performing well in recent months, with its stock price increasing steadily since the beginning of 2021. The company's strong financial performance and continued growth have contributed to this positive trend. In addition, the bank has benefited from the low-interest rate environment, which has made it more attractive for borrowers to take out loans and invest in real estate.

Overall, First Northwest Bancorp's stock price passing above its fifty-day moving average is a positive sign for investors, indicating that the company's stock may continue to appreciate in value. However, it is important to note that past performance is not necessarily indicative of future results, and there are many factors that can affect a stock's price.