First Northwest Bancorp (NASDAQ:FNWB) Releases Earnings Results, Misses Estimates By $0.33 EPS

First Northwest Bancorp (NASDAQ:FNWB) posted its quarterly earnings data on Tuesday. The financial services provider reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.33), Yahoo Finance reports. First Northwest Bancorp had a negative net margin of 1.02% and a positive return on equity of 2.61%.

First Northwest Bancorp Stock Performance

NASDAQ:FNWB opened at $10.05 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.86. First Northwest Bancorp has a twelve month low of $8.91 and a twelve month high of $16.12. The company has a fifty day moving average of $10.74 and a 200-day moving average of $10.43. The firm has a market capitalization of $94.89 million, a P/E ratio of -100.50 and a beta of 0.89.

First Northwest Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, November 8th. First Northwest Bancorp’s payout ratio is -280.00%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their price target 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.

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.