First Financial Northwest, Inc. (NASDAQ:FFNW) Shares Sold by OxFORD Asset Management LLP

OxFORD Asset Management LLP lessened its holdings in First Financial Northwest, Inc. (NASDAQ:FFNW) by 17.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,974 shares of the bank’s stock after selling 6,861 shares during the quarter. OxFORD Asset Management LLP owned approximately 0.32% of First Financial Northwest worth $532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of FFNW. Bank of New York Mellon Corp lifted its stake in shares of First Financial Northwest by 3.7% during the 1st quarter. Bank of New York Mellon Corp now owns 71,978 shares of the bank’s stock worth $1,272,000 after purchasing an additional 2,562 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of First Financial Northwest by 5.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 15,874 shares of the bank’s stock worth $280,000 after purchasing an additional 804 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of First Financial Northwest by 1.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,635 shares of the bank’s stock worth $188,000 after purchasing an additional 112 shares during the last quarter. JPMorgan Chase & Co. raised its stake in First Financial Northwest by 64.8% in the first quarter. JPMorgan Chase & Co. now owns 35,309 shares of the bank’s stock valued at $624,000 after buying an additional 13,882 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in First Financial Northwest by 232.5% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 25,272 shares of the bank’s stock valued at $446,000 after buying an additional 17,672 shares during the last quarter. 44.19% of the stock is currently owned by institutional investors and hedge funds.

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First Financial Northwest, Inc. (FFNW) opened at 17.26 on Friday. The stock has a market cap of $178.87 million, a P/E ratio of 19.24 and a beta of 0.36. The stock has a 50 day moving average price of $16.99 and a 200 day moving average price of $16.41. First Financial Northwest, Inc. has a 52-week low of $14.50 and a 52-week high of $21.29.

First Financial Northwest (NASDAQ:FFNW) last posted its quarterly earnings results on Thursday, October 26th. The bank reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). First Financial Northwest had a net margin of 18.74% and a return on equity of 6.44%. The company had revenue of $10.11 million for the quarter, compared to analysts’ expectations of $10.15 million. On average, equities research analysts forecast that First Financial Northwest, Inc. will post $0.90 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, November 30th. First Financial Northwest’s payout ratio is presently 32.18%.

FFNW has been the subject of several research analyst reports. Zacks Investment Research raised First Financial Northwest from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. ValuEngine lowered First Financial Northwest from a “buy” rating to a “hold” rating in a report on Friday, September 1st.

In related news, insider Gregg H. Deritis sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $16.03, for a total value of $64,120.00. Following the sale, the insider now owns 4,000 shares of the company’s stock, valued at $64,120. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph W. Kiley III sold 15,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $16.04, for a total transaction of $240,600.00. Following the completion of the sale, the insider now directly owns 44,250 shares in the company, valued at approximately $709,770. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,219 shares of company stock valued at $421,060. 7.31% of the stock is owned by company insiders.

First Financial Northwest Company Profile

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.

Institutional Ownership by Quarter for First Financial Northwest (NASDAQ:FFNW)

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