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

First Northwest Bancorp (NASDAQ:FNWBGet Free Report) announced a quarterly dividend on Tuesday, October 29th, 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 2.81%. The ex-dividend date is Friday, November 8th.

First Northwest Bancorp has raised its dividend by an average of 10.1% per year over the last three years. First Northwest Bancorp has a payout ratio of 23.3% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of FNWB stock traded down $0.15 during trading hours on Tuesday, reaching $9.98. 39,988 shares of the company’s stock were exchanged, compared to its average volume of 20,230. First Northwest Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $16.12. The business has a fifty day moving average price of $10.75 and a 200-day moving average price of $10.44. The stock has a market capitalization of $94.23 million, a P/E ratio of -101.40 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.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut 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 research report on Monday.

Read Our Latest Report on FNWB

First Northwest Bancorp Company Profile

(Get Free Report)

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.

See Also

Dividend History for First Northwest Bancorp (NASDAQ:FNWB)

Receive News & Ratings for First Northwest Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Northwest Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.