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

First Northwest Bancorp (NASDAQ:FNWB) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders 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 dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, May 9th.

First Northwest Bancorp has increased its dividend payment by an average of 10.1% annually over the last three years. First Northwest Bancorp has a dividend payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. 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 Performance

NASDAQ:FNWB opened at $11.28 on Friday. The firm’s 50-day moving average is $14.42 and its 200-day moving average is $14.32. First Northwest Bancorp has a 52-week low of $9.94 and a 52-week high of $16.12. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $106.48 million, a price-to-earnings ratio of 45.12 and a beta of 0.77.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of First Northwest Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. TheStreet lowered shares of First Northwest Bancorp from a “c+” rating to a “d+” rating in a research report on Thursday, January 25th.

Insider Buying and Selling at First Northwest Bancorp

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

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.