First Northwest Bancorp
Market Cap
US$154.7m
Last Updated
2021/01/24 00:24 UTC
Data Sources
Company Financials
Executive Summary
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. More Details
Snowflake Analysis
Flawless balance sheet and slightly overvalued.
Similar Companies
Share Price & News
How has First Northwest Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FNWB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: FNWB's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
-0.2%
FNWB
-2.3%
US Banks
2.3%
US Market
1 Year Return
-6.2%
FNWB
-6.6%
US Banks
23.8%
US Market
Return vs Industry: FNWB matched the US Banks industry which returned -6.6% over the past year.
Return vs Market: FNWB underperformed the US Market which returned 23.8% over the past year.
Shareholder returns
| FNWB | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.2% | -2.3% | 2.3% |
| 30 Day | 4.0% | 7.4% | 4.8% |
| 90 Day | 39.4% | 30.1% | 14.5% |
| 1 Year | -4.7%-6.2% | -3.2%-6.6% | 26.6%23.8% |
| 3 Year | -1.1%-3.7% | -2.3%-10.7% | 45.0%35.4% |
| 5 Year | 29.4%26.0% | 77.3%54.9% | 126.2%101.0% |
Long-Term Price Volatility Vs. Market
How volatile is First Northwest Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Is First Northwest Bancorp (NASDAQ:FNWB) Popular Amongst Institutions?1 month ago | Simply Wall St
Should You Take Comfort From Insider Transactions At First Northwest Bancorp (NASDAQ:FNWB)?2 months ago | Simply Wall St
First Northwest Bancorp (NASDAQ:FNWB) Could Be A Buy For Its Upcoming DividendValuation
Is First Northwest Bancorp undervalued compared to its fair value and its price relative to the market?
17.65x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FNWB ($16.32) is trading above our estimate of fair value ($5.69)
Significantly Below Fair Value: FNWB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FNWB is poor value based on its PE Ratio (17.7x) compared to the US Banks industry average (12.2x).
PE vs Market: FNWB is good value based on its PE Ratio (17.7x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FNWB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FNWB is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1x).
Next Steps
Future Growth
How is First Northwest Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
13.3%
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as First Northwest Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine First Northwest Bancorp's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Banks industry.
Past Performance
How has First Northwest Bancorp performed over the past 5 years?
33.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FNWB has high quality earnings.
Growing Profit Margin: FNWB's current net profit margins (17.6%) are lower than last year (20.5%).
Past Earnings Growth Analysis
Earnings Trend: FNWB has become profitable over the past 5 years, growing earnings by 33.5% per year.
Accelerating Growth: FNWB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FNWB had negative earnings growth (-2.1%) over the past year, making it difficult to compare to the Banks industry average (-3%).
Return on Equity
High ROE: FNWB's Return on Equity (4.8%) is considered low.
Next Steps
Financial Health
How is First Northwest Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: FNWB's Assets to Equity ratio (8.7x) is low.
Allowance for Bad Loans: FNWB has a sufficient allowance for bad loans (420%).
Low Risk Liabilities: 91% of FNWB's liabilities are made up of primarily low risk sources of funding.
Loan Level: FNWB has an appropriate level of Loans to Assets ratio (68%).
Low Risk Deposits: FNWB's Loans to Deposits ratio (85%) is appropriate.
Level of Bad Loans: FNWB has an appropriate level of bad loans (0.3%).
Next Steps
Dividend
What is First Northwest Bancorp current dividend yield, its reliability and sustainability?
1.47%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FNWB's dividend (1.47%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: FNWB's dividend (1.47%) is low compared to the top 25% of dividend payers in the US market (3.86%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FNWB has been paying a dividend for less than 10 years.
Growing Dividend: FNWB's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20.5%), FNWB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
Average management tenure
CEO
Matt Deines (47 yo)
2.08yrs
Tenure
US$650,032
Compensation
Mr. Matthew P. Deines, also known as Matt, serves as President, Chief Executive Officer & Director at First Northwest Bancorp since December 5, 2019. He is President and Chief Executive Officer of First Fe...
CEO Compensation Analysis
Compensation vs Market: Matt's total compensation ($USD650.03K) is below average for companies of similar size in the US market ($USD992.69K).
Compensation vs Earnings: Insufficient data to compare Matt's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.08yrs | US$650.03k | 0.68% $ 1.1m | |
| Executive VP | 2.25yrs | US$292.77k | 0.30% $ 467.3k | |
| Executive VP & CFO | 0.83yr | no data | 0.19% $ 290.7k | |
| Executive VP and Chief Human Resources & Marketing Officer | 0.83yr | no data | 0.26% $ 397.3k | |
| VP, Assistant General Counsel & Corporate Secretary | no data | no data | no data | |
| VP & Ops. Electronic Delivery Manager - First Federal Savings and Loan Association of Port Angeles | no data | no data | no data | |
| VP and Bus. Intell. & Sys. App. Mngr. - First Federal Savings and Loan Association of Port Angeles | no data | no data | no data | |
| VP & Retail Operations Manager - First Federal Savings and Loan Association of Port Angeles | no data | no data | no data | |
| VP & Loan Operations Manager - First Federal Savings and Loan Association of Port Angeles | no data | no data | no data | |
| VP and Org. Learning & Dev. Manager - First Federal Savings and Loan Association of Port Angeles | no data | no data | no data | |
| VP & Controller of First Federal Savings & Loan Association of Port Angeles | no data | no data | no data | |
| VP & Facilities Manager - First Federal Savings and Loan Association of Port Angeles | no data | no data | no data |
1.5yrs
Average Tenure
Experienced Management: FNWB's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.08yrs | US$650.03k | 0.68% $ 1.1m | |
| Independent Chairman of the Board | 6yrs | US$50.45k | 0.25% $ 391.8k | |
| Independent Director | 16yrs | US$38.64k | 0.28% $ 429.6k | |
| Independent Vice Chairman | no data | US$36.91k | 0.32% $ 490.5k | |
| Independent Director | 10yrs | US$115.01k | 0.35% $ 534.5k | |
| Independent Director | 5.17yrs | US$32.16k | 0.26% $ 408.4k | |
| Independent Director | 7.25yrs | US$33.40k | 0.31% $ 485.5k | |
| Independent Director | 7yrs | US$70.62k | 0.26% $ 403.0k | |
| Independent Director | 0.33yr | no data | 0.052% $ 80.5k |
6.5yrs
Average Tenure
63.5yo
Average Age
Experienced Board: FNWB's board of directors are considered experienced (6.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FNWB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
First Northwest Bancorp's company bio, employee growth, exchange listings and data sources
Key Information
- Name: First Northwest Bancorp
- Ticker: FNWB
- Exchange: NasdaqGM
- Founded: 1923
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$154.712m
- Shares outstanding: 9.48m
- Website: https://www.ourfirstfed.com
Number of Employees
Location
- First Northwest Bancorp
- 105 West 8th Street
- Port Angeles
- Washington
- 98362
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FNWB | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Jan 2015 |
| 45I | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 2015 |
Biography
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, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/24 00:24 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.