First Northwest Bancorp (NASDAQ:FNWB) Releases Quarterly Earnings Results, Misses Estimates By $0.33 EPS

First Northwest Bancorp (NASDAQ:FNWB) announced its quarterly earnings data on Tuesday. The financial services provider reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.33), Yahoo Finance reports. The company had revenue of $29.99 million during 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

NASDAQ:FNWB traded up $0.05 during mid-day trading on Thursday, reaching $10.10. The stock had a trading volume of 17,632 shares, compared to its average volume of 20,224. The stock has a 50-day simple moving average of $10.74 and a two-hundred day simple moving average of $10.43. The stock has a market capitalization of $95.36 million, a PE ratio of -101.00 and a beta of 0.89. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.01 and a quick ratio of 1.01. First Northwest Bancorp has a 12 month low of $8.91 and a 12 month high of $16.12.

First Northwest Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.28 dividend on an annualized basis and a yield of 2.77%. First Northwest Bancorp’s dividend payout ratio (DPR) is -280.00%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their target price on shares of First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating for the company in a research note on Monday.

First Northwest Bancorp Company Profile

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.