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

First Northwest Bancorp (NASDAQ:FNWB) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Investors of record on Friday, February 14th will be paid 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 dividend yield of 2.62%.

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 dividend payout ratio of 20.3% 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 Price Performance

Shares of First Northwest Bancorp stock opened at $10.67 on Thursday. The stock’s 50-day simple moving average is $10.63 and its 200-day simple moving average is $10.54. First Northwest Bancorp has a 52 week low of $8.91 and a 52 week high of $16.00. The company has a market capitalization of $99.88 million, a price-to-earnings ratio of -16.42 and a beta of 0.94. 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 (NASDAQ:FNWB) last issued its quarterly earnings data 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 net margin of 4.79% and a negative return on equity of 0.18%. As a group, analysts expect that First Northwest Bancorp will post -0.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FNWB has been the subject of a number of analyst reports. Piper Sandler lowered their target price on First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating for the company in a report on Monday, October 28th. Hovde Group began coverage on First Northwest Bancorp in a research report on Monday, January 13th. They set an “outperform” rating and a $13.50 price target on the stock.

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.