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

First Northwest Bancorp (NASDAQ:FNWB) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Shareholders 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 yield of 2.63%. The ex-dividend date is Friday, February 14th.

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 $1.30 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 21.5%.

First Northwest Bancorp Price Performance

Shares of NASDAQ:FNWB opened at $10.64 on Friday. The firm’s 50 day simple moving average is $10.62 and its 200-day simple moving average is $10.54. 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 has a one year low of $8.91 and a one year high of $16.00.

First Northwest Bancorp (NASDAQ:FNWB) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.38). First Northwest Bancorp had a negative return on equity of 1.86% and a negative net margin of 2.38%. Analysts forecast that First Northwest Bancorp will post 0.75 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Hovde Group started coverage on First Northwest Bancorp in a research note on Monday, January 13th. They set an “outperform” rating and a $13.50 price objective for the company. Piper Sandler decreased their price target on shares of 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.

First Northwest Bancorp Company Profile

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.