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

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) announced a quarterly dividend on Tuesday, January 28th,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 2.56%. The ex-dividend date is Friday, February 14th.

First Northwest Bancorp has increased 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 $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 Stock Up 2.9 %

NASDAQ:FNWB traded up $0.31 during trading hours on Friday, hitting $10.95. The stock had a trading volume of 16,901 shares, compared to its average volume of 12,657. The company has a market cap of $102.49 million, a PE ratio of -31.28 and a beta of 0.94. The business has a 50 day simple moving average of $10.61 and a two-hundred day simple moving average of $10.55. First Northwest Bancorp has a 1-year low of $8.91 and a 1-year high of $16.00. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.08.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on FNWB. Piper Sandler dropped 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 started coverage on First Northwest Bancorp in a report on Monday, January 13th. They set an "outperform" rating and a $13.50 price objective 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.