First Northwest Bancorp (NASDAQ:FNWB – Get Free Report) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Friday, May 10th will be given a dividend of 0.07 per share by the financial services provider on Friday, May 24th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date 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 dividend 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 Trading Down 1.3 %
FNWB opened at $10.61 on Wednesday. The firm has a 50 day simple moving average of $13.72 and a 200 day simple moving average of $14.23. The company has a market cap of $100.16 million, a price-to-earnings ratio of 42.44 and a beta of 0.86. First Northwest Bancorp has a fifty-two week low of $10.00 and a fifty-two week high of $16.12. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.03 and a quick ratio of 1.03.
Insider Activity
Analysts Set New Price Targets
A number of brokerages have issued reports on FNWB. Piper Sandler reduced their target price on First Northwest Bancorp from $17.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. TheStreet cut shares of First Northwest Bancorp from a “c+” rating to a “d+” rating in a research report on Thursday, January 25th. Finally, StockNews.com raised First Northwest Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, March 1st.
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.
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