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

First Northwest Bancorp (NASDAQ:FNWB) announced a quarterly dividend on Tuesday, January 28th,RTT News reports. Investors of record on Friday, February 14th will be paid 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 yield of 2.57%. 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 dividend payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 %

Shares of FNWB opened at $10.88 on Wednesday. First Northwest Bancorp has a 12-month low of $8.91 and a 12-month high of $16.00. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50-day moving average of $10.54 and a two-hundred day moving average of $10.58.

First Northwest Bancorp (NASDAQ:FNWB) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.38). First Northwest Bancorp had a negative return on equity of 1.86% and a negative net margin of 2.38%. As a group, equities research analysts expect that First Northwest Bancorp will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FNWB has been the topic of a number of analyst reports. Piper Sandler increased their price objective on First Northwest Bancorp from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Hovde Group began coverage on shares of First Northwest Bancorp in a research note on Monday, January 13th. They set an “outperform” rating and a $13.50 price target on the stock.

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.