First Northwest Bancorp (NASDAQ:FNWB) Posts Earnings Results, Misses Estimates By $0.38 EPS

First Northwest Bancorp (NASDAQ:FNWB) posted its earnings results on Wednesday. The financial services provider reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.38), Zacks reports. First Northwest Bancorp had a negative net margin of 4.79% and a negative return on equity of 0.18%.

First Northwest Bancorp Price Performance

Shares of NASDAQ FNWB opened at $10.65 on Wednesday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $99.69 million, a price-to-earnings ratio of -16.38 and a beta of 0.94. The stock’s 50-day moving average is $10.63 and its two-hundred day moving average is $10.54. First Northwest Bancorp has a 1-year low of $8.91 and a 1-year high of $16.00.

First Northwest Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.63%. First Northwest Bancorp’s payout ratio is -43.08%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FNWB. Hovde Group began coverage on First Northwest Bancorp in a research report on Monday, January 13th. They set an “outperform” rating and a $13.50 price target for the company. Piper Sandler dropped their target price on First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating for the company in a research 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.