First Northwest Bancorp (NASDAQ:FNWB) Issues Quarterly Earnings Results

First Northwest Bancorp (NASDAQ:FNWB) issued its quarterly earnings data on Wednesday. The financial services provider reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.38), Zacks reports. First Northwest Bancorp had a negative net margin of 4.79% and a negative return on equity of 0.18%.

First Northwest Bancorp Stock Down 0.4 %

First Northwest Bancorp stock opened at $10.65 on Wednesday. The stock’s 50 day moving average price is $10.63 and its 200 day moving average price is $10.54. The company has a market cap of $99.69 million, a PE ratio of -16.38 and a beta of 0.94. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 1.04. First Northwest Bancorp has a 1-year low of $8.91 and a 1-year high of $16.00.

First Northwest Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.63%. First Northwest Bancorp’s payout ratio is -43.08%.

Wall Street Analyst Weigh In

Several research firms recently commented on FNWB. Hovde Group assumed coverage on shares of First Northwest Bancorp in a research report on Monday, January 13th. They issued an “outperform” rating and a $13.50 price target for the company. Piper Sandler reduced their target price on shares of First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating for the company in a report 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.