First Financial Northwest, Inc. (NASDAQ:FFNW) issued its earnings results on Thursday. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.05), MarketWatch Earnings reports. The company had revenue of $10.11 million during the quarter, compared to analyst estimates of $10.15 million. First Financial Northwest had a return on equity of 6.85% and a net margin of 20.79%.
Shares of First Financial Northwest (NASDAQ:FFNW) traded up 1.05% on Friday, hitting $17.26. The stock had a trading volume of 12,436 shares. First Financial Northwest has a one year low of $14.50 and a one year high of $21.29. The firm has a 50 day moving average price of $16.99 and a 200 day moving average price of $16.41. The company has a market capitalization of $178.87 million, a P/E ratio of 19.24 and a beta of 0.36.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.62%. First Financial Northwest’s dividend payout ratio is 30.77%.
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In other First Financial Northwest news, Director Joann E. Lee sold 6,619 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $16.12, for a total transaction of $106,698.28. Following the completion of the transaction, the director now owns 95,604 shares in the company, valued at approximately $1,541,136.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website
. Also, insider Joseph W. Kiley III sold 15,000 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $16.04, for a total value of $240,600.00. Following the transaction, the insider now owns 44,250 shares of the company’s stock, valued at approximately $709,770. The disclosure for this sale can be found here
. In the last quarter, insiders have sold 26,219 shares of company stock valued at $421,060. Corporate insiders own 7.31% of the company’s stock.
A hedge fund recently raised its stake in First Financial Northwest stock. The Manufacturers Life Insurance Company boosted its position in First Financial Northwest, Inc. (NASDAQ:FFNW) by 40.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 8,988 shares of the bank’s stock after purchasing an additional 2,611 shares during the period. The Manufacturers Life Insurance Company owned about 0.09% of First Financial Northwest worth $146,000 as of its most recent filing with the SEC. 44.19% of the stock is owned by institutional investors.
A number of research analysts have recently weighed in on the company. Zacks Investment Research downgraded First Financial Northwest from a “hold” rating to a “strong sell” rating in a report on Friday, July 28th. ValuEngine downgraded First Financial Northwest from a “buy” rating to a “hold” rating in a report on Friday, September 1st.
About First Financial Northwest
First Financial Northwest, Inc (First Financial Northwest) is a holding company for First Financial Northwest Bank (the Bank). The Bank primarily serves the greater Puget Sound region of King and to a lesser extent, Pierce, Snohomish and Kitsap Counties, Washington through its full-service banking office located in Renton, Washington and branch office in Mill Creek, Washington.
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