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

First Northwest Bancorp (NASDAQ:FNWB) declared a quarterly dividend on Thursday, July 25th, Zacks reports. Investors of record on Friday, August 9th will be given a dividend of 0.07 per share by the financial services provider on Friday, August 23rd. This represents a $0.28 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, August 9th.

First Northwest Bancorp has raised its dividend payment by an average of 10.1% per year over the last three years. First Northwest Bancorp has a dividend payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.3 %

NASDAQ:FNWB opened at $10.24 on Friday. The business’s 50-day moving average is $10.08 and its two-hundred day moving average is $12.51. The firm has a market capitalization of $96.67 million, a PE ratio of -102.40 and a beta of 0.89. First Northwest Bancorp has a 12 month low of $8.91 and a 12 month high of $16.12. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.04 and a quick ratio of 1.04.

First Northwest Bancorp (NASDAQ:FNWB) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). The company had revenue of $16.12 million during the quarter, compared to analyst estimates of $16.50 million. First Northwest Bancorp had a negative net margin of 0.78% and a positive return on equity of 2.85%. Research analysts predict that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other First Northwest Bancorp news, Director Dana D. Behar acquired 80,000 shares of the stock in a transaction on Friday, May 10th. The stock was purchased at an average price of $10.50 per share, for a total transaction of $840,000.00. Following the purchase, the director now directly owns 135,467 shares in the company, valued at $1,422,403.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.94% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on FNWB shares. StockNews.com raised shares of First Northwest Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Piper Sandler lowered their price target on shares of First Northwest Bancorp from $17.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st.

About First Northwest Bancorp

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.