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

First Northwest Bancorp (NASDAQ:FNWB) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Friday, May 10th will be paid a dividend of 0.07 per share by the financial services provider on Friday, May 24th. This represents a $0.28 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, May 9th.

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 payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Northwest Bancorp to earn $1.10 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 25.5%.

First Northwest Bancorp Stock Down 1.0 %

Shares of NASDAQ FNWB opened at $10.71 on Friday. First Northwest Bancorp has a 52 week low of $9.94 and a 52 week high of $16.12. The business has a 50-day simple moving average of $14.42 and a two-hundred day simple moving average of $14.32. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.96. The company has a market cap of $101.10 million, a P/E ratio of 42.84 and a beta of 0.77.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.22). The business had revenue of $11.27 million for the quarter, compared to the consensus estimate of $17.60 million. First Northwest Bancorp had a net margin of 2.18% and a return on equity of 4.81%. Research analysts anticipate that First Northwest Bancorp will post 0.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FNWB shares. TheStreet downgraded First Northwest Bancorp from a “c+” rating to a “d+” rating in a research report on Thursday, January 25th. StockNews.com raised First Northwest Bancorp from a “sell” rating to a “hold” rating in a report on Friday, March 1st.

Insiders Place Their Bets

In other First Northwest Bancorp news, EVP Terry A. Anderson sold 3,100 shares of First Northwest Bancorp stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $15.72, for a total value of $48,732.00. Following the transaction, the executive vice president now directly owns 16,677 shares of the company’s stock, valued at approximately $262,162.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 2,099 shares of company stock valued at $33,020 in the last ninety days. Company insiders own 4.37% of the company’s stock.

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.