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

First Northwest Bancorp (NASDAQ:FNWB) issued its earnings results on Tuesday. The financial services provider reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.33), Yahoo Finance reports. The company had revenue of $29.99 million for the quarter, compared to analyst estimates of $17.20 million. First Northwest Bancorp had a negative return on equity of 0.18% and a negative net margin of 4.79%.

First Northwest Bancorp Price Performance

FNWB remained flat at $10.15 during trading hours on Friday. The company had a trading volume of 8,610 shares, compared to its average volume of 20,134. First Northwest Bancorp has a 12-month low of $8.91 and a 12-month high of $16.12. The stock has a market cap of $95.85 million, a PE ratio of -15.62 and a beta of 0.89. The business has a fifty day moving average of $10.72 and a 200-day moving average of $10.42. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.86.

First Northwest Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Friday, November 8th. First Northwest Bancorp’s dividend payout ratio is presently -43.08%.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their price objective on First Northwest Bancorp from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Monday.

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.