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. It accepts various deposit instruments, including checking, money market deposit, savings, and transaction accounts, as well as certificates of deposit. The company also originates one- to four-family mortgage loans, commercial and multi-family real estate loans, construction and land loans, and commercial business loans, as well as consumer loans primarily consisting of automobile loans, and home-equity loans and lines of credit. It operates through 12 full-service branches and a lending center in Seattle. The company was founded in 1923 and is based in Port Angeles, Washington.
First Northwest Bancorp Stock Up 1.7 %
NASDAQ:FNWB traded up $0.28 during midday trading on Friday, reaching $16.32. The company had a trading volume of 5,181 shares, compared to its average volume of 10,610. The stock's fifty day simple moving average is $16.24 and its 200-day simple moving average is $19.49. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.04. First Northwest Bancorp has a 12-month low of $14.50 and a 12-month high of $23.77. The firm has a market capitalization of $163.20 million, a price-to-earnings ratio of 10.33 and a beta of 0.90.
First Northwest Bancorp (NASDAQ:FNWB - Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03). First Northwest Bancorp had a return on equity of 7.88% and a net margin of 17.47%. On average, sell-side analysts anticipate that First Northwest Bancorp will post 1.4 earnings per share for the current fiscal year.
First Northwest Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Thursday, August 11th. First Northwest Bancorp's dividend payout ratio is presently 17.72%.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Hovde Group decreased their target price on shares of First Northwest Bancorp to $21.50 in a research report on Friday, June 3rd. StockNews.com initiated coverage on shares of First Northwest Bancorp in a research report on Friday. They set a "hold" rating for the company. Finally, Piper Sandler reissued an "overweight" rating and issued a $19.00 target price on shares of First Northwest Bancorp in a research report on Wednesday, June 1st.
Insider Buying and Selling at First Northwest Bancorp
In related news, CEO Matthew Deines purchased 2,000 shares of First Northwest Bancorp stock in a transaction dated Tuesday, August 9th. The stock was bought at an average cost of $16.00 per share, for a total transaction of $32,000.00. Following the transaction, the chief executive officer now owns 77,153 shares in the company, valued at $1,234,448. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders acquired 2,601 shares of company stock valued at $42,205. 4.40% of the stock is owned by company insiders.