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

First Northwest Bancorp (NASDAQ:FNWB) announced a quarterly dividend on Tuesday, October 22nd, Wall Street Journal reports. Shareholders of record on Friday, November 8th will be given a dividend of 0.07 per share by the financial services provider on Friday, November 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Friday, November 8th.

First Northwest Bancorp has increased its dividend by an average of 10.1% per year over the last three years. First Northwest Bancorp has a payout ratio of 23.3% meaning its dividend is sufficiently covered by earnings. 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 0.5 %

NASDAQ FNWB opened at $9.70 on Wednesday. The firm’s fifty day moving average price is $10.67 and its 200 day moving average price is $10.39. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.01 and a quick ratio of 1.01. First Northwest Bancorp has a 12 month low of $8.91 and a 12 month high of $16.12. The company has a market capitalization of $91.60 million, a price-to-earnings ratio of -14.92 and a beta of 0.90.

First Northwest Bancorp (NASDAQ:FNWB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.33). The firm had revenue of $29.99 million during the quarter, compared to analyst estimates of $17.20 million. First Northwest Bancorp had a negative net margin of 4.79% and a negative return on equity of 0.18%. On average, sell-side analysts expect that First Northwest Bancorp will post -0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Piper Sandler dropped their price objective on shares of First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating on the stock in a research note 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.