First Northwest Bancorp (FNWB) To Go Ex-Dividend on May 9th

First Northwest Bancorp (NASDAQ:FNWB) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Friday, May 10th will be paid a dividend of 0.07 per share by the financial services provider on Friday, May 24th. This represents a $0.28 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, May 9th.

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 25.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Northwest Bancorp to earn $1.10 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 25.5%.

First Northwest Bancorp Stock Performance

Shares of First Northwest Bancorp stock opened at $11.28 on Friday. The firm has a market cap of $106.48 million, a PE ratio of 45.12 and a beta of 0.77. The firm’s 50-day simple moving average is $14.42 and its 200-day simple moving average is $14.32. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.03 and a current ratio of 1.03. First Northwest Bancorp has a 1 year low of $9.94 and a 1 year high of $16.12.

First Northwest Bancorp (NASDAQ:FNWB) last issued its earnings results on Thursday, January 25th. The financial services provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.22). The company had revenue of $11.27 million during the quarter, compared to analyst estimates of $17.60 million. First Northwest Bancorp had a net margin of 2.18% and a return on equity of 4.81%. Equities analysts forecast that First Northwest Bancorp will post 0.7 earnings per share for the current fiscal year.

Insider Activity at First Northwest Bancorp

In related news, EVP Terry A. Anderson sold 3,100 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $15.72, for a total transaction of $48,732.00. Following the completion of the sale, the executive vice president now owns 16,677 shares of the company’s stock, valued at approximately $262,162.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders acquired a total of 2,099 shares of company stock valued at $33,020 in the last quarter. Insiders own 4.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TheStreet lowered shares of First Northwest Bancorp from a “c+” rating to a “d+” rating in a research note on Thursday, January 25th. StockNews.com upgraded shares of First Northwest Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, March 1st.

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.