First Northwest Bancorp (NASDAQ:FNWB) declared that its Board of Directors has authorized a share buyback program, which authorizes the company to buyback 1,170,000 shares on Friday, September 29th, EventVestor reports. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

First Northwest Bancorp (NASDAQ:FNWB) opened at 17.72 on Tuesday. First Northwest Bancorp has a 12 month low of $13.45 and a 12 month high of $17.75. The company has a market cap of $210.67 million, a price-to-earnings ratio of 38.52 and a beta of 0.47. The company’s 50 day moving average is $16.44 and its 200-day moving average is $16.44.

First Northwest Bancorp (NASDAQ:FNWB) last announced its earnings results on Friday, August 4th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. First Northwest Bancorp had a return on equity of 2.83% and a net margin of 11.91%. The firm had revenue of $9.72 million for the quarter.

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First Northwest Bancorp Company Profile

First Northwest Bancorp is the bank holding company for First Federal Savings and Loan Association of Port Angeles (the Bank). The Bank is a community-oriented financial institution primarily serving the North Olympic Peninsula region of Washington. The Bank offers a range of products and services focused on the lending and depository needs of the communities it serves.

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