Equities analysts expect First Financial Northwest, Inc. (NASDAQ:FFNW) to post sales of $10.60 million for the current quarter, according to Zacks. Two analysts have issued estimates for First Financial Northwest’s earnings, with the lowest sales estimate coming in at $10.59 million and the highest estimate coming in at $10.60 million. First Financial Northwest reported sales of $10.09 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.1%. The company is expected to issue its next quarterly earnings results on Thursday, January 25th.
According to Zacks, analysts expect that First Financial Northwest will report full-year sales of $10.60 million for the current year, with estimates ranging from $37.83 million to $39.70 million. For the next fiscal year, analysts forecast that the firm will post sales of $43.19 million per share, with estimates ranging from $42.78 million to $43.60 million. Zacks’ sales calculations are an average based on a survey of research firms that cover First Financial Northwest.
First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings results on Thursday, October 26th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.05). First Financial Northwest had a return on equity of 6.45% and a net margin of 18.74%. The company had revenue of $10.11 million for the quarter, compared to the consensus estimate of $10.15 million.
Several equities research analysts recently issued reports on FFNW shares. Zacks Investment Research downgraded First Financial Northwest from a “hold” rating to a “strong sell” rating in a report on Monday, October 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $19.00 price target on shares of First Financial Northwest in a report on Friday, December 22nd. Finally, ValuEngine downgraded First Financial Northwest from a “buy” rating to a “hold” rating in a report on Friday, September 1st.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in First Financial Northwest by 1.4% in the second quarter. Vanguard Group Inc. now owns 350,106 shares of the bank’s stock worth $5,647,000 after purchasing an additional 4,850 shares during the last quarter. Context BH Capital Management LP boosted its position in First Financial Northwest by 2.6% in the third quarter. Context BH Capital Management LP now owns 172,098 shares of the bank’s stock worth $2,924,000 after purchasing an additional 4,400 shares during the last quarter. Northern Trust Corp boosted its position in First Financial Northwest by 2.1% in the second quarter. Northern Trust Corp now owns 94,063 shares of the bank’s stock worth $1,518,000 after purchasing an additional 1,893 shares during the last quarter. Bank of New York Mellon Corp boosted its position in First Financial Northwest by 17.3% in the second quarter. Bank of New York Mellon Corp now owns 84,439 shares of the bank’s stock worth $1,362,000 after purchasing an additional 12,461 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in First Financial Northwest by 3.9% in the first quarter. Geode Capital Management LLC now owns 62,518 shares of the bank’s stock worth $1,104,000 after purchasing an additional 2,350 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.
Shares of First Financial Northwest (NASDAQ FFNW) traded up $0.08 during trading on Friday, reaching $15.51. The company had a trading volume of 15,383 shares, compared to its average volume of 28,850. First Financial Northwest has a 1-year low of $14.83 and a 1-year high of $21.29. The company has a market capitalization of $164.98, a P/E ratio of 17.83, a P/E/G ratio of 1.90 and a beta of 0.32. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.17 and a quick ratio of 1.17.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.28 annualized dividend and a yield of 1.81%. First Financial Northwest’s dividend payout ratio is currently 32.18%.
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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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