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

First Northwest Bancorp (NASDAQ:FNWB) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Investors 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 of this dividend is Thursday, May 9th.

First Northwest Bancorp has increased its dividend by an average of 10.1% annually over the last three years. First Northwest Bancorp has a dividend payout ratio of 25.5% indicating that 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 company has a debt-to-equity ratio of 1.96, a current ratio of 1.03 and a quick ratio of 1.03. First Northwest Bancorp has a fifty-two week low of $10.00 and a fifty-two week high of $16.12. The firm has a market capitalization of $100.16 million, a PE ratio of 42.44 and a beta of 0.86. The company’s 50-day moving average is $13.72 and its 200 day moving average is $14.23.

Insiders Place Their Bets

In related news, EVP Terry A. Anderson sold 3,100 shares of First Northwest Bancorp stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $15.72, for a total value of $48,732.00. Following the sale, the executive vice president now owns 16,677 shares of the company’s stock, valued at approximately $262,162.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders bought 4,516 shares of company stock valued at $58,012. Corporate insiders own 4.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FNWB. StockNews.com raised shares of First Northwest Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Piper Sandler reduced their price objective on shares of First Northwest Bancorp from $17.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Finally, TheStreet downgraded shares of First Northwest Bancorp from a “c+” rating to a “d+” rating in a research report on Thursday, January 25th.

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.