First Financial Northwest, Inc. (NASDAQ:FFNW) has earned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. First Financial Northwest’s rating score has improved by 33.3% in the last three months as a result of various analysts’ ratings changes.
Brokerages have set a 1 year consensus price target of $17.75 for the company and are anticipating that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also assigned First Financial Northwest an industry rank of 123 out of 265 based on the ratings given to related companies.
A number of brokerages have recently commented on FFNW. FIG Partners raised First Financial Northwest from a “market perform” rating to an “outperform” rating in a research report on Monday, February 12th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $18.00 price objective on shares of First Financial Northwest in a research report on Friday, January 26th. Finally, Zacks Investment Research raised First Financial Northwest from a “sell” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Monday, January 8th.
First Financial Northwest (NASDAQ:FFNW) opened at $17.13 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.17 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $179.28, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 1.48 and a beta of 0.29. First Financial Northwest has a 1 year low of $13.13 and a 1 year high of $19.70.
First Financial Northwest (NASDAQ:FFNW) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.08. The company had revenue of $10.60 million during the quarter, compared to the consensus estimate of $10.60 million. First Financial Northwest had a return on equity of 6.53% and a net margin of 17.01%. sell-side analysts forecast that First Financial Northwest will post 1.13 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, March 8th. First Financial Northwest’s dividend payout ratio is currently 34.57%.
Large investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in shares of First Financial Northwest by 35.9% in the third quarter. Wells Fargo & Company MN now owns 16,885 shares of the bank’s stock valued at $288,000 after purchasing an additional 4,463 shares during the period. Vanguard Group Inc. grew its position in shares of First Financial Northwest by 1.4% in the second quarter. Vanguard Group Inc. now owns 350,106 shares of the bank’s stock valued at $5,647,000 after purchasing an additional 4,850 shares during the period. Kennedy Capital Management Inc. grew its position in shares of First Financial Northwest by 216.1% in the fourth quarter. Kennedy Capital Management Inc. now owns 158,849 shares of the bank’s stock valued at $2,464,000 after purchasing an additional 108,593 shares during the period. SG Americas Securities LLC purchased a new stake in shares of First Financial Northwest in the third quarter valued at $181,000. Finally, Northern Trust Corp grew its position in shares of First Financial Northwest by 2.1% in the second quarter. Northern Trust Corp now owns 94,063 shares of the bank’s stock valued at $1,518,000 after purchasing an additional 1,893 shares during the period. 42.37% of the stock is owned by institutional investors and hedge funds.
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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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