First Northwest Bancorp (NASDAQ:FNWB) Announces Quarterly Earnings Results

First Northwest Bancorp (NASDAQ:FNWB) posted its quarterly earnings results on Tuesday. The financial services provider reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.33), Yahoo Finance reports. First Northwest Bancorp had a negative net margin of 1.02% and a positive return on equity of 2.61%.

First Northwest Bancorp Stock Performance

Shares of FNWB stock traded up $0.15 during trading on Wednesday, reaching $10.20. 1,225 shares of the company’s stock traded hands, compared to its average volume of 20,146. The company has a market capitalization of $96.31 million, a P/E ratio of -100.50 and a beta of 0.89. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.86. The firm’s 50-day moving average is $10.74 and its 200 day moving average is $10.43. First Northwest Bancorp has a 1 year low of $8.91 and a 1 year high of $16.12.

First Northwest Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Friday, November 8th. First Northwest Bancorp’s payout ratio is currently -280.00%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their price target on shares of First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Monday.

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.