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

First Northwest Bancorp (NASDAQ:FNWB) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Investors of record on Friday, February 14th will be paid a dividend of 0.07 per share by the financial services provider on Friday, February 28th. This represents a $0.28 annualized dividend and a yield of 2.62%.

First Northwest Bancorp has increased its dividend by an average of 3.9% per year over the last three years. First Northwest Bancorp has a dividend payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of FNWB stock opened at $10.67 on Thursday. The stock has a market cap of $99.88 million, a price-to-earnings ratio of -16.42 and a beta of 0.94. The business’s fifty day moving average is $10.63 and its 200 day moving average is $10.54. First Northwest Bancorp has a twelve month low of $8.91 and a twelve month high of $16.00. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.08.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.38). First Northwest Bancorp had a negative return on equity of 0.18% and a negative net margin of 4.79%. Research analysts expect that First Northwest Bancorp will post -0.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FNWB shares. Piper Sandler dropped their target price on First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. Hovde Group started coverage on First Northwest Bancorp in a report on Monday, January 13th. They issued an “outperform” rating and a $13.50 target price on the stock.

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.