Q1 2018 EPS Estimates for First Financial Northwest, Inc. (FFNW) Lifted by DA Davidson

First Financial Northwest, Inc. (NASDAQ:FFNW) – DA Davidson raised their Q1 2018 earnings estimates for First Financial Northwest in a research note issued on Monday. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings per share of $0.27 for the quarter, up from their prior forecast of $0.23. DA Davidson also issued estimates for First Financial Northwest’s Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.31 EPS and FY2019 earnings at $1.30 EPS.

FFNW has been the subject of several other reports. Zacks Investment Research cut shares of First Financial Northwest from a “hold” rating to a “strong sell” rating in a research note on Monday, October 30th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $19.00 price objective on shares of First Financial Northwest in a research note on Friday, December 22nd.

Shares of First Financial Northwest (NASDAQ:FFNW) opened at $15.94 on Tuesday. First Financial Northwest has a 12 month low of $14.83 and a 12 month high of $21.29. The stock has a market cap of $171.87, a price-to-earnings ratio of 17.97, a PEG ratio of 1.44 and a beta of 0.32. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.36.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.28 annualized dividend and a dividend yield of 1.76%. First Financial Northwest’s dividend payout ratio is presently 34.57%.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of First Financial Northwest by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 350,106 shares of the bank’s stock valued at $5,647,000 after acquiring an additional 4,850 shares in the last quarter. Context BH Capital Management LP lifted its holdings in shares of First Financial Northwest by 2.6% during the 3rd quarter. Context BH Capital Management LP now owns 172,098 shares of the bank’s stock valued at $2,924,000 after acquiring an additional 4,400 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of First Financial Northwest by 2.1% during the 2nd quarter. Northern Trust Corp now owns 94,063 shares of the bank’s stock valued at $1,518,000 after acquiring an additional 1,893 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of First Financial Northwest by 17.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 84,439 shares of the bank’s stock valued at $1,362,000 after acquiring an additional 12,461 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of First Financial Northwest by 47.9% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 37,372 shares of the bank’s stock valued at $601,000 after acquiring an additional 12,100 shares in the last quarter. Institutional investors and hedge funds own 42.41% of the company’s stock.

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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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