Wall Street brokerages predict that First Financial Northwest, Inc. (NASDAQ:FFNW) will announce $11.05 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for First Financial Northwest’s earnings. The highest sales estimate is $11.10 million and the lowest is $11.00 million. First Financial Northwest reported sales of $9.73 million during the same quarter last year, which indicates a positive year over year growth rate of 13.6%. The company is expected to issue its next quarterly earnings results on Wednesday, July 25th.
On average, analysts expect that First Financial Northwest will report full-year sales of $45.09 million for the current financial year, with estimates ranging from $44.90 million to $45.27 million. For the next financial year, analysts expect that the business will report sales of $48.60 million per share, with estimates ranging from $48.40 million to $48.79 million. Zacks Investment Research’s sales averages 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 data on Thursday, April 26th. The bank reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.24. The business had revenue of $11.63 million during the quarter, compared to analysts’ expectations of $10.85 million. First Financial Northwest had a return on equity of 9.58% and a net margin of 24.45%.
Several equities analysts have recently issued reports on FFNW shares. FIG Partners upgraded First Financial Northwest from a “market perform” rating to an “outperform” rating in a research note on Monday, February 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.00 price objective on shares of First Financial Northwest in a research note on Friday, January 26th. Finally, Zacks Investment Research cut First Financial Northwest from a “buy” rating to a “hold” rating in a research note on Monday, April 16th.
Shares of First Financial Northwest traded up $17.48, hitting $17.48, during midday trading on Friday, according to Marketbeat.com. The company had a trading volume of 39,000 shares, compared to its average volume of 17,431. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $190.15 million, a PE ratio of 13.26, a PEG ratio of 1.36 and a beta of 0.27. First Financial Northwest has a 1 year low of $17.48 and a 1 year high of $17.70.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 8th will be paid a dividend of $0.08 per share. This is a boost from First Financial Northwest’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $0.32 annualized dividend and a yield of 1.83%. First Financial Northwest’s payout ratio is presently 31.46%.
Hedge funds have recently bought and sold shares of the stock. Kennedy Capital Management Inc. lifted its stake in 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 purchasing an additional 108,593 shares during the last quarter. Wells Fargo & Company MN lifted its stake 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 last quarter. Glacier Peak Capital LLC lifted its stake in First Financial Northwest by 59.3% during the fourth quarter. Glacier Peak Capital LLC now owns 35,561 shares of the bank’s stock worth $604,000 after purchasing an additional 13,244 shares during the last quarter. BlackRock Inc. lifted its stake in 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 purchasing an additional 9,929 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in 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 purchasing an additional 9,348 shares during the last quarter. Hedge funds and other institutional investors own 42.05% of the company’s stock.
First Financial Northwest Company Profile
First Financial Northwest, Inc operates as the holding company for First Financial Northwest Bank that provides commercial banking services in Washington. The company offers a range of deposit products, including noninterest bearing accounts, interest-bearing demand accounts, money market deposit accounts, statement savings accounts, and certificates of deposit.
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