First Northwest Bancorp (NASDAQ:FNWB) Declares $0.07 Quarterly Dividend

First Northwest Bancorp (NASDAQ:FNWB) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Friday, May 10th will be given a dividend of 0.07 per share by the financial services provider on Friday, May 24th. This represents a $0.28 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, May 9th.

First Northwest Bancorp has raised its dividend by an average of 10.1% annually over the last three years. First Northwest Bancorp has a payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Northwest Bancorp to earn $1.10 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 25.5%.

First Northwest Bancorp Stock Down 1.0 %

Shares of NASDAQ FNWB opened at $10.71 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $101.10 million, a PE ratio of 42.84 and a beta of 0.77. The stock’s fifty day simple moving average is $14.42 and its two-hundred day simple moving average is $14.32. First Northwest Bancorp has a 12-month low of $9.94 and a 12-month high of $16.12.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.22). First Northwest Bancorp had a return on equity of 4.81% and a net margin of 2.18%. The firm had revenue of $11.27 million for the quarter, compared to analyst estimates of $17.60 million. As a group, analysts expect that First Northwest Bancorp will post 0.7 EPS for the current fiscal year.

Insider Activity at First Northwest Bancorp

In related news, EVP Terry A. Anderson sold 3,100 shares of First Northwest Bancorp stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $15.72, for a total value of $48,732.00. Following the completion of the transaction, the executive vice president now owns 16,677 shares in the company, valued at approximately $262,162.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders acquired a total of 2,099 shares of company stock worth $33,020 in the last 90 days. Corporate insiders own 4.37% of the company’s stock.

Analyst Upgrades and Downgrades

FNWB has been the subject of a number of recent research reports. StockNews.com upgraded First Northwest Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. TheStreet lowered First Northwest Bancorp from a “c+” rating to a “d+” rating in a research note on Thursday, January 25th.

First Northwest Bancorp Company Profile

First Northwest Bancorp operates as a bank holding company for First Fed Bank that provides commercial and consumer banking services to individuals, businesses, and nonprofit organizations in western Washington, the United States. The company accepts various deposit instruments, including checking, money market deposit, savings, and transaction accounts, as well as certificates of deposit.