First Northwest Bancorp (NASDAQ:FNWB) Announces Earnings Results

First Northwest Bancorp (NASDAQ:FNWB) announced its earnings results on Wednesday. The financial services provider reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.38), Zacks reports. First Northwest Bancorp had a negative net margin of 2.38% and a negative return on equity of 1.86%.

First Northwest Bancorp Stock Performance

Shares of NASDAQ FNWB opened at $10.64 on Friday. First Northwest Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $16.00. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50-day simple moving average of $10.62 and a two-hundred day simple moving average of $10.54.

First Northwest Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Friday, February 14th. First Northwest Bancorp’s dividend payout ratio is currently -80.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Hovde Group assumed coverage on First Northwest Bancorp in a research report on Monday, January 13th. They set an “outperform” rating and a $13.50 price objective on the stock. Piper Sandler cut their price objective on shares of First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th.

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.