First Northwest Bancorp (FNWB) to Issue Quarterly Dividend of $0.07 on February 28th

First Northwest Bancorp (NASDAQ:FNWB) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.07 per share by the financial services provider on Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Friday, February 14th.

First Northwest Bancorp has increased its dividend payment by an average of 3.9% per year over the last three years. First Northwest Bancorp has a payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NASDAQ FNWB opened at $10.64 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.08. The business’s fifty day moving average is $10.62 and its 200 day moving average is $10.54. First Northwest Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $16.00.

First Northwest Bancorp (NASDAQ:FNWB) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share (EPS) 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%. Research analysts forecast that First Northwest Bancorp will post 0.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FNWB shares. Hovde Group started coverage on First Northwest Bancorp in a report on Monday, January 13th. They issued an “outperform” rating and a $13.50 target price on the stock. Piper Sandler reduced their price objective on First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th.

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.