Equities research analysts expect First Financial Northwest, Inc. (NASDAQ:FFNW) to report sales of $10.85 million for the current quarter, according to Zacks. Two analysts have issued estimates for First Financial Northwest’s earnings, with estimates ranging from $10.80 million to $10.90 million. First Financial Northwest reported sales of $9.40 million during the same quarter last year, which would suggest a positive year over year growth rate of 15.4%. The company is expected to report its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that First Financial Northwest will report full year sales of $10.85 million for the current fiscal year, with estimates ranging from $44.90 million to $45.10 million. For the next year, analysts expect that the firm will report sales of $48.93 million per share, with estimates ranging from $48.40 million to $49.46 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover First Financial Northwest.
First Financial Northwest (NASDAQ:FFNW) last announced its earnings results on Thursday, January 25th. The bank reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.08. First Financial Northwest had a net margin of 17.01% and a return on equity of 6.54%. The company had revenue of $10.60 million during the quarter, compared to the consensus estimate of $10.60 million.
A number of equities analysts have weighed in on FFNW shares. Zacks Investment Research downgraded 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 reaffirmed a “hold” rating and issued a $19.00 target price on shares of First Financial Northwest in a research note on Friday, December 22nd. Finally, FIG Partners raised shares of First Financial Northwest from a “market perform” rating to an “outperform” rating in a research note on Monday, February 12th.
Shares of First Financial Northwest (NASDAQ FFNW) traded down $0.65 during midday trading on Friday, hitting $15.78. 23,475 shares of the company’s stock were exchanged, compared to its average volume of 15,655. First Financial Northwest has a one year low of $13.13 and a one year high of $20.97. The company has a market capitalization of $176.60, a P/E ratio of 20.28, a PEG ratio of 1.46 and a beta of 0.28. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.17 and a current ratio of 1.17.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Thursday, March 8th. First Financial Northwest’s dividend payout ratio is presently 34.57%.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Glacier Peak Capital LLC raised its stake in shares of First Financial Northwest by 59.3% in the fourth quarter. Glacier Peak Capital LLC now owns 35,561 shares of the bank’s stock worth $604,000 after acquiring an additional 13,244 shares during the last quarter. Kennedy Capital Management Inc. raised its stake in shares of First Financial Northwest by 216.1% during the fourth quarter. Kennedy Capital Management Inc. now owns 158,849 shares of the bank’s stock worth $2,464,000 after buying an additional 108,593 shares during the last quarter. BlackRock Inc. raised its stake in shares of First Financial Northwest by 2.1% during the fourth quarter. BlackRock Inc. now owns 474,103 shares of the bank’s stock worth $7,353,000 after buying an additional 9,929 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of First Financial Northwest by 12.5% during the fourth quarter. Bank of New York Mellon Corp now owns 84,025 shares of the bank’s stock worth $1,303,000 after buying an additional 9,348 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of 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 buying an additional 4,463 shares during the last quarter. 42.80% of the stock is owned by institutional investors.
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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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