First Financial Northwest, Inc. (NASDAQ:FFNW) announced a quarterly dividend on Thursday, October 26th, Zacks reports. Shareholders of record on Friday, December 1st will be given a dividend of 0.07 per share by the bank on Friday, December 15th. This represents a $0.28 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Thursday, November 30th.
First Financial Northwest (NASDAQ FFNW) traded down $0.06 during trading hours on Friday, reaching $16.04. The company’s stock had a trading volume of 10,600 shares, compared to its average volume of 31,450. The stock has a market capitalization of $173.27, a P/E ratio of 18.51, a P/E/G ratio of 2.00 and a beta of 0.33. First Financial Northwest has a twelve month low of $14.83 and a twelve month high of $21.29. The company has a quick ratio of 1.20, a current ratio of 1.17 and a debt-to-equity ratio of 1.36.
First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings results on Thursday, October 26th. The bank reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.05). The company had revenue of $10.11 million during the quarter, compared to analysts’ expectations of $10.15 million. First Financial Northwest had a net margin of 18.74% and a return on equity of 6.45%. analysts forecast that First Financial Northwest will post 0.81 EPS for the current year.
In related news, insider Joseph W. Kiley III sold 15,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $16.04, for a total transaction of $240,600.00. Following the completion of the transaction, the insider now directly owns 44,250 shares in the company, valued at $709,770. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Gregg H. Deritis sold 4,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $16.03, for a total value of $64,120.00. Following the transaction, the insider now owns 4,000 shares of the company’s stock, valued at $64,120. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,600 shares of company stock valued at $314,362. 7.31% of the stock is owned by company insiders.
An institutional investor recently raised its position in First Financial Northwest stock. The Manufacturers Life Insurance Company raised its holdings in shares of First Financial Northwest, Inc. (NASDAQ:FFNW) by 40.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,988 shares of the bank’s stock after buying an additional 2,611 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.09% of First Financial Northwest worth $146,000 as of its most recent filing with the Securities & Exchange Commission. 44.81% of the stock is owned by institutional investors.
Several brokerages have recently weighed in on FFNW. ValuEngine cut First Financial Northwest from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded First Financial Northwest from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd.
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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.
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