Zacks: First Financial Northwest, Inc. (FFNW) Receives Average Recommendation of “Hold” from Analysts

First Financial Northwest, Inc. (NASDAQ:FFNW) has earned a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.

Brokerages have set a 1-year consensus price objective of $17.50 for the company and are predicting that the company will post $0.28 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Financial Northwest an industry rank of 67 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research lowered First Financial Northwest from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 29th.

In related news, Director Kevin D. Padrick purchased 9,249 shares of the stock in a transaction that occurred on Thursday, December 27th. The stock was purchased at an average cost of $15.05 per share, for a total transaction of $139,197.45. Following the acquisition, the director now owns 38,498 shares in the company, valued at $579,394.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin D. Padrick purchased 10,997 shares of the stock in a transaction that occurred on Wednesday, December 19th. The stock was bought at an average price of $15.05 per share, with a total value of $165,504.85. Following the completion of the acquisition, the director now owns 22,427 shares in the company, valued at approximately $337,526.35. The disclosure for this purchase can be found here. Insiders purchased a total of 33,291 shares of company stock worth $501,030 over the last ninety days. Corporate insiders own 6.75% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Rhumbline Advisers acquired a new position in First Financial Northwest in the fourth quarter worth about $174,000. First Trust Advisors LP acquired a new position in First Financial Northwest in the third quarter worth about $209,000. Matarin Capital Management LLC acquired a new position in First Financial Northwest in the third quarter worth about $275,000. O Shaughnessy Asset Management LLC grew its stake in First Financial Northwest by 132.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 17,710 shares of the bank’s stock worth $293,000 after purchasing an additional 10,103 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in First Financial Northwest in the third quarter worth about $308,000. Institutional investors own 45.17% of the company’s stock.

Shares of First Financial Northwest stock traded up $0.25 during trading hours on Monday, reaching $16.29. 48,339 shares of the company’s stock were exchanged, compared to its average volume of 18,835. First Financial Northwest has a 52-week low of $13.75 and a 52-week high of $21.82. The firm has a market cap of $177.81 million, a PE ratio of 11.39, a P/E/G ratio of 1.94 and a beta of 0.20. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.96.

First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings results on Thursday, January 24th. The bank reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). First Financial Northwest had a return on equity of 9.80% and a net margin of 25.34%. The business had revenue of $10.73 million for the quarter, compared to analysts’ expectations of $10.99 million. Equities research analysts anticipate that First Financial Northwest will post 1.16 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, March 7th. First Financial Northwest’s dividend payout ratio (DPR) is currently 22.38%.

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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