First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) announced a quarterly dividend on Tuesday, October 22nd, Wall Street Journal reports. Investors of record on Friday, November 8th will be paid a dividend of 0.07 per share by the financial services provider on Friday, November 22nd. This represents a $0.28 annualized dividend and a yield of 2.79%. The ex-dividend date is Friday, November 8th.
First Northwest Bancorp has raised its dividend payment by an average of 10.1% annually over the last three years. First Northwest Bancorp has a payout ratio of 23.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Northwest Bancorp to earn $1.20 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 23.3%.
First Northwest Bancorp Trading Down 0.8 %
Shares of NASDAQ:FNWB traded down $0.08 during trading on Tuesday, reaching $10.05. 41,513 shares of the company traded hands, compared to its average volume of 20,237. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.86. First Northwest Bancorp has a 52-week low of $8.91 and a 52-week high of $16.12. The firm has a market capitalization of $94.89 million, a price-to-earnings ratio of -101.40 and a beta of 0.89. The business's fifty day moving average is $10.75 and its 200-day moving average is $10.44.
Analyst Ratings Changes
Separately, Piper Sandler decreased their price objective 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.
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About First Northwest Bancorp
(
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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.
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