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

First Northwest Bancorp (NASDAQ:FNWB) announced a quarterly dividend on Tuesday, October 22nd, Wall Street Journal reports. Investors of record on Friday, November 8th will be paid a dividend of 0.07 per share by the financial services provider on Friday, November 22nd. This represents a $0.28 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Friday, November 8th.

First Northwest Bancorp has increased 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 23.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Northwest Bancorp to earn $0.75 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 37.3%.

First Northwest Bancorp Stock Down 0.5 %

NASDAQ FNWB traded down $0.04 during trading on Wednesday, reaching $9.70. The company’s stock had a trading volume of 10,411 shares, compared to its average volume of 20,135. The business has a 50-day moving average price of $10.67 and a 200-day moving average price of $10.39. First Northwest Bancorp has a 1-year low of $8.91 and a 1-year high of $16.12. The stock has a market capitalization of $91.60 million, a PE ratio of -14.92 and a beta of 0.90. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.90.

First Northwest Bancorp (NASDAQ:FNWB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.33). First Northwest Bancorp had a negative return on equity of 0.18% and a negative net margin of 4.79%. The business had revenue of $29.99 million for the quarter, compared to analyst estimates of $17.20 million. On average, research analysts forecast that First Northwest Bancorp will post -0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Piper Sandler reduced their target price on First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating for the company in a report on Monday, October 28th.

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.