First Northwest Bancorp (NASDAQ:FNWB) Posts Earnings Results, Misses Expectations By $0.38 EPS

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) released its earnings results on Wednesday. The financial services provider reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.38), Zacks reports. First Northwest Bancorp had a negative net margin of 2.38% and a negative return on equity of 1.86%.

First Northwest Bancorp Stock Performance

NASDAQ FNWB traded up $0.31 during trading on Friday, reaching $10.95. 16,901 shares of the company's stock were exchanged, compared to its average volume of 12,657. The business has a 50 day moving average price of $10.61 and a 200-day moving average price of $10.55. The stock has a market capitalization of $102.49 million, a P/E ratio of -31.28 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 fifty-two week low of $8.91 and a fifty-two week high of $16.00.

First Northwest Bancorp Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Friday, February 14th. First Northwest Bancorp's dividend payout ratio (DPR) is presently -80.00%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FNWB shares. Piper Sandler lowered their target price on First Northwest Bancorp from $12.50 to $11.00 and set a "neutral" rating on the stock in a research report on Monday, October 28th. Hovde Group assumed 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.