First Northwest Bancorp (FNWB) Fair Value 2026

FNWB · Banks - Regional ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

6.4 /10

32 fundamental signals · 5 models active

Value Trap Risk

SAFE (0/100)

Quick Summary — As of 2026-08-28, First Northwest Bancorp (FNWB) trades at $11.36, versus a $5.73 median fair value across its 5 active models — 49.5% below the current price. QOC: 6.4/10. Value Trap Risk: 0/100 (SAFE). 5/13 models active.

Key Facts

Ticker
FNWB
Price
$11.36
Quality Score
6.4/10
Value Trap Risk
0/100
Models Active
5/13
Last Updated
Strength: 5 independent models provide multi-angle coverage
Risk: Majority of models suggest overvaluation

Is First Northwest Bancorp (FNWB) Undervalued or Overvalued in 2026?

According to CirclFi’s 5-model valuation engine, First Northwest Bancorp (FNWB) appears overvalued as of : the median of 5 independent fair value estimates is $5.73, 49.5% below the current price of $11.36. Estimates range from $3.10 to $8.90. FNWB scores 6.4/10 on fundamental quality and 0/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.4% versus its own 13-model consensus, across 3,809 rated companies as of 2026-08-28. FNWB’s -49.5% gap is wider than that market norm, and the Banks - Regional sector median is -22.5%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy First Northwest Bancorp Stock in 2026? →

What Fair Value Does Each Model Give FNWB?

5 Intrinsic Value Models vs. Current Price ($11.36)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $5.73 -49.5%
Ensemble · Medium Conviction
 $5.47 -51.9%
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What Is FNWB's Fair Value Range?

Spread across 5 independent models · $3.10 to $8.90

CirclFi's 5 active models place First Northwest Bancorp (FNWB) between $3.10 and $8.90 per share, a spread of 101% of the median. The median of that range — $5.73 — is the fair value CirclFi publishes for FNWB, against a current price of $11.36.

Low · ML-RIVHigh · FTNN
$3.10median $5.73$8.90
Where the range comes from
Most bearish modelML Residual Income$3.10
Most bullish modelFTNN Topology$8.90
Model agreement0 bullish · 5 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for FNWB. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on FNWB, not a CirclFi price target. How each model works →

What Is First Northwest Bancorp (FNWB) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, First Northwest Bancorp's intrinsic value is estimated at $5.73, suggesting the stock is overvalued at its current price of $11.36. With 5 out of 5 models flagging downside (-49.5% vs price), the market may be pricing in unsustainable growth. Notably, FTNN sees the most upside at -21.6% (fair value: $8.90), while ML-RIV is the most conservative at -72.7% ($3.10). The spread between these extremes — +51.1% — reveals how different analytical frameworks can reach starkly different conclusions.

What Do the Models Say About FNWB?

5 of 13 models are currently active for FNWB. All 5 active models suggest the stock trades above fair value. Taken together, their median fair value for FNWB is $5.73 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does FNWB Rank in Banks - Regional?

Among 352 Banks - Regional stocks, FNWB ranks #324 by Quality of Company score. CirclFi's QOC score of 6.4/10 evaluates 32 fundamental signals. A score of 6.4 indicates above-average quality.

See all Most Undervalued Banks - Regional Stocks →

As a financial institution, First Northwest Bancorp operates in a sector where cost-to-income ratio is a critical driver of valuation. Investors evaluating FNWB should weigh these sector-specific dynamics alongside our model-derived fair values.

Is FNWB a Value Trap?

CirclFi's Value Trap algorithm assigns FNWB a score of 0/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

5 of 13 models are active for First Northwest Bancorp. Limited activation may indicate insufficient history. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi 32-factor quality framework, First Northwest Bancorp's fundamental quality profile registers 6.4/10. This respectable score captures the company's profitability depth, growth consistency, balance sheet resilience, and shareholder return track record.

The gap between the most bullish and bearish model spans +51.1% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every FNWB valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across FNWB's 5 active models, average confidence is 38%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy First Northwest Bancorp Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Banks - Regional Stocks Should You Also Analyze?

11 related Banks - Regional stocks with 13-model coverage

FBLAFB Bancorp, Inc.QOC 6.5KBKB Financial Group Inc.QOC 6.4BSBRBanco Santander (Brasil) S.A.QOC 6.5AVALGrupo Aval Acciones y Valores S.A.QOC 6.4KFFBKentucky First Federal BancorpQOC 6.6FLGFlagstar Bank, National AssociationQOC 6.4NICNicolet Bankshares, Inc.QOC 8.5ATLOAmes National CorporationQOC 8.1VBNKVersaBankQOC 7.7STBAS&T Bancorp, Inc.QOC 9.3ESQEsquire Financial Holdings, Inc.QOC 9.1

Read investment analysis: FBLA · KB · BSBR · AVAL · KFFB · FLG · NIC · ATLO · VBNK · STBA · ESQ

Which Other Stocks Have a Similar Quality Score to FNWB?

6 companies across all industries closest to FNWB’s Quality of Company score of 6.4/10.

CARAvis Budget Group, Inc.QOC 6.4SGRYSurgery Partners, Inc.QOC 6.4RDGLVivos Inc.QOC 6.4HOFTHooker Furnishings CorporationQOC 6.4PNNTPennantPark Investment CorporationQOC 6.4NVDANVIDIA CorporationQOC 10.0

Read investment analysis: CAR · SGRY · RDGL · HOFT · PNNT · NVDA

Where Does FNWB Sit in CirclFi's Banks - Regional Rankings?

FNWB is ranked against every other Banks - Regional stock CirclFi covers in each of these screens.

See all Banks - Regional stocks ranked →

What Else Do Investors Ask About First Northwest Bancorp’s Valuation?

What is First Northwest Bancorp's intrinsic value in 2026?

CirclFi puts First Northwest Bancorp (FNWB)'s intrinsic value at $5.73 — the median of 5 independent model estimates as of 2026-08-28, ranging from $3.10 to $8.90. The Quality of Company score is 6.4/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is FNWB overvalued or undervalued right now?

At $11.36, 0 of 5 active models suggest FNWB may be undervalued, while 5 indicate potential overvaluation. The median of all 5 fair value estimates is $5.73, 49.5% below the current price of $11.36 — a consensus view that FNWB is overvalued. The assessment depends on which methodology best fits First Northwest Bancorp's business model in Banks - Regional.

What does a Quality of Company score of 6.4 mean for FNWB?

First Northwest Bancorp's QOC of 6.4/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores between 5-7 reflect moderate fundamentals with areas for improvement.

How many valuation models does CirclFi run on FNWB?

CirclFi analyzes FNWB with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 5 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on FNWB?

Of the 5 models currently active on FNWB, FTNN Topology is the most bullish at $8.90 per share, and ML Residual Income is the most bearish at $3.10. CirclFi's published fair value for FNWB is the median of that range, $5.73, not either extreme. The gap between the two ends equals 101% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is FNWB a value trap in 2026?

First Northwest Bancorp's Value Trap score is 0/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 5-model valuation engine, First Northwest Bancorp (FNWB) has a median fair value of $5.73 — 49.5% below the current price of $11.36 — as of 2026-08-28.” Source: circlfi.com/stock/FNWB/ · Methodology
Primary sources for this FNWB valuation
  • Financial statements: First Northwest Bancorp 10-K and 10-Q filings on SEC EDGAR (CIK 0001556727) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for FNWB as of ; valuations recomputed .

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