First Northwest Bancorp Plans 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 given 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 dividend yield of 2.63%.

First Northwest Bancorp has raised its dividend by an average of 3.9% per year over the last three years. First Northwest Bancorp has a 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 Trading Down 0.2 %

NASDAQ FNWB opened at $10.67 on Wednesday. First Northwest Bancorp has a one year low of $8.91 and a one year high of $16.00. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $99.84 million, a price-to-earnings ratio of -16.54 and a beta of 0.94. The company’s 50-day simple moving average is $10.63 and its two-hundred day simple moving average is $10.54.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FNWB shares. Piper Sandler decreased their price objective on First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Hovde Group initiated coverage on shares of First Northwest Bancorp in a report on Monday, January 13th. They issued an “outperform” rating and a $13.50 price target 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.