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

First Northwest Bancorp (NASDAQ:FNWB - Get Free Report) announced its earnings results on Tuesday. The financial services provider reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.33), Yahoo Finance reports. The business had revenue of $29.99 million for the quarter, compared to the consensus estimate of $17.20 million. First Northwest Bancorp had a negative net margin of 1.02% and a positive return on equity of 2.61%.

First Northwest Bancorp Price Performance

Shares of First Northwest Bancorp stock traded up $0.11 during mid-day trading on Wednesday, reaching $10.16. 16,555 shares of the stock traded hands, compared to its average volume of 20,204. The business has a 50-day moving average of $10.74 and a 200 day moving average of $10.43. First Northwest Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $16.12. The stock has a market capitalization of $95.93 million, a PE ratio of -103.70 and a beta of 0.89. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.86.

First Northwest Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, November 8th. First Northwest Bancorp's payout ratio is -280.00%.

Analysts Set New Price Targets

Separately, Piper Sandler dropped their price target on shares of First Northwest Bancorp from $12.50 to $11.00 and set a "neutral" rating on the stock in a research note on Monday.

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.