First Financial Northwest, Inc. (NASDAQ:FFNW) – FIG Partners raised their FY2018 earnings per share estimates for First Financial Northwest in a research note issued on Monday. FIG Partners analyst C. Marinac now expects that the bank will post earnings per share of $1.10 for the year, up from their prior estimate of $1.07. FIG Partners has a “Outperform” rating on the stock. FIG Partners also issued estimates for First Financial Northwest’s Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.32 EPS, Q4 2019 earnings at $0.33 EPS and FY2019 earnings at $1.23 EPS.
First Financial Northwest (NASDAQ:FFNW) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.08. The company had revenue of $10.60 million during the quarter, compared to analyst estimates of $10.60 million. First Financial Northwest had a net margin of 17.01% and a return on equity of 6.54%.
A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of First Financial Northwest from a “hold” rating to a “strong sell” rating in a research report on Monday, October 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $19.00 target price on shares of First Financial Northwest in a research report on Friday, December 22nd.
Shares of First Financial Northwest (NASDAQ:FFNW) traded up $0.85 during trading hours on Tuesday, reaching $15.87. 46,700 shares of the company’s stock were exchanged, compared to its average volume of 14,888. 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 company has a market capitalization of $161.44, a price-to-earnings ratio of 19.59, a PEG ratio of 1.34 and a beta of 0.28. First Financial Northwest has a 12-month low of $13.13 and a 12-month high of $20.97.
A number of large investors have recently modified their holdings of FFNW. The Manufacturers Life Insurance Company boosted its position in First Financial Northwest by 40.9% during the second quarter. The Manufacturers Life Insurance Company now owns 8,988 shares of the bank’s stock worth $146,000 after purchasing an additional 2,611 shares during the period. SG Americas Securities LLC bought a new position in First Financial Northwest during the third quarter worth about $181,000. Alpine Woods Capital Investors LLC bought a new position in First Financial Northwest during the third quarter worth about $204,000. Teachers Advisors LLC boosted its position in First Financial Northwest by 8.9% during the second quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock worth $246,000 after purchasing an additional 1,240 shares during the period. Finally, Wells Fargo & Company MN boosted its position in First Financial Northwest by 35.9% during the third quarter. Wells Fargo & Company MN now owns 16,885 shares of the bank’s stock worth $288,000 after purchasing an additional 4,463 shares during the period. Hedge funds and other institutional investors own 42.59% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, March 8th. This represents a $0.28 dividend on an annualized basis and a yield of 1.76%. First Financial Northwest’s dividend payout ratio is presently 34.57%.
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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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