First Northwest Bancorp (FNWB) To Go Ex-Dividend on November 8th

First Northwest Bancorp (NASDAQ:FNWB) declared a quarterly dividend on Tuesday, October 22nd, Wall Street Journal reports. Stockholders 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 dividend yield of 2.89%. The ex-dividend date of this dividend is Friday, November 8th.

First Northwest Bancorp has raised its dividend payment by an average of 10.1% per year over the last three years. First Northwest Bancorp has a dividend payout ratio of 23.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Northwest Bancorp to earn $0.75 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 37.3%.

First Northwest Bancorp Price Performance

Shares of NASDAQ FNWB traded down $0.04 during midday trading on Wednesday, reaching $9.70. The company’s stock had a trading volume of 10,411 shares, compared to its average volume of 20,135. The company has a market cap of $91.60 million, a price-to-earnings ratio of -14.92 and a beta of 0.90. First Northwest Bancorp has a one year low of $8.91 and a one year high of $16.12. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.90. The company has a 50 day moving average price of $10.67 and a 200 day moving average price of $10.39.

First Northwest Bancorp (NASDAQ:FNWB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.33). The company had revenue of $29.99 million for the quarter, compared to analyst estimates of $17.20 million. First Northwest Bancorp had a negative net margin of 4.79% and a negative return on equity of 0.18%. On average, equities research analysts expect that First Northwest Bancorp will post -0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler dropped their price target 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.

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.