First Northwest BanCorp (NASDAQ:FNWB) Releases Earnings Results

First Northwest BanCorp (NASDAQ:FNWB) released its earnings results on Thursday. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. First Northwest BanCorp had a net margin of 12.82% and a return on equity of 4.36%. The company had revenue of $14.22 million for the quarter.

Shares of FNWB stock opened at $10.25 on Friday. The firm has a market capitalization of $106.90 million, a PE ratio of 13.14 and a beta of 0.85. The firm has a fifty day simple moving average of $12.33 and a two-hundred day simple moving average of $13.17. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.90. First Northwest BanCorp has a 12 month low of $8.77 and a 12 month high of $18.25.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.20 dividend on an annualized basis and a yield of 1.95%.

In other First Northwest BanCorp news, Director Dana D. Behar purchased 4,934 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was acquired at an average price of $10.52 per share, for a total transaction of $51,905.68. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew Deines purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were acquired at an average price of $11.55 per share, with a total value of $57,750.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 12,134 shares of company stock valued at $134,362 and have sold 3,522 shares valued at $43,395. Insiders own 0.57% of the company’s stock.

A number of research analysts recently issued reports on FNWB shares. ValuEngine upgraded shares of First Northwest BanCorp from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. TheStreet upgraded shares of First Northwest BanCorp from a “d+” rating to a “c-” rating in a research note on Monday, June 15th.

First Northwest BanCorp Company Profile

First Northwest Bancorp operates as a bank holding company for First Federal Savings and Loan Association of Port Angeles that provides commercial and consumer banking services to individuals, businesses, and nonprofit organizations in western Washington, the United States. The company offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, transaction accounts, and certificates of deposit.

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Earnings History for First Northwest BanCorp (NASDAQ:FNWB)

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