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

First Northwest Bancorp (NASDAQ:FNWB) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Stockholders 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 2.57%. The ex-dividend date of this dividend 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 dividend payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Northwest Bancorp to earn $0.90 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 31.1%.

First Northwest Bancorp Trading Up 0.7 %

FNWB opened at $10.88 on Wednesday. First Northwest Bancorp has a 1 year low of $8.91 and a 1 year high of $16.00. The firm has a 50 day moving average price of $10.54 and a 200 day moving average price of $10.58. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 1.04.

First Northwest Bancorp (NASDAQ:FNWB) last posted its earnings results on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share for the quarter, missing the consensus estimate 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%. Analysts forecast that First Northwest Bancorp will post 0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FNWB shares. Piper Sandler upped their price target on First Northwest Bancorp from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Hovde Group began coverage on First Northwest Bancorp in a research note on Monday, January 13th. They set an “outperform” rating and a $13.50 target price for the company.

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.