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

First Northwest Bancorp (NASDAQ:FNWB) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Friday, May 10th will be paid a dividend of 0.07 per share by the financial services provider on Friday, May 24th. This represents a $0.28 annualized dividend and a dividend yield of 2.60%. 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 payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of NASDAQ FNWB opened at $10.75 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.96. The stock has a fifty day simple moving average of $13.82 and a two-hundred day simple moving average of $14.25. First Northwest Bancorp has a 1-year low of $10.00 and a 1-year high of $16.12. The firm has a market cap of $101.48 million, a price-to-earnings ratio of 43.00 and a beta of 0.86.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Piper Sandler cut their price target on First Northwest Bancorp from $17.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. TheStreet lowered 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 shares of First Northwest Bancorp from a “sell” rating to a “hold” rating in a report on Friday, March 1st.

Insiders Place Their Bets

In other news, EVP Terry A. Anderson sold 3,100 shares of the firm’s 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 completion of the transaction, the executive vice president now directly owns 16,677 shares in the company, valued at $262,162.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased a total of 4,516 shares of company stock worth $58,012 in the last quarter. 4.94% of the stock is owned by company insiders.

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.