First Financial Northwest, Inc. (NASDAQ:FFNW) has been assigned an average broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.
Brokerages have set a one year consensus price objective of $17.50 for the company and are forecasting that the company will post $0.27 earnings per share for the current quarter, according to Zacks. Zacks has also given First Financial Northwest an industry rank of 175 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of First Financial Northwest from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 29th.
In other First Financial Northwest news, insider Joseph W. Kiley III sold 10,000 shares of First Financial Northwest stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $15.93, for a total value of $159,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.75% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of FFNW. Matarin Capital Management LLC purchased a new position in First Financial Northwest in the third quarter worth about $275,000. BlackRock Inc. raised its holdings in shares of First Financial Northwest by 1.8% during the fourth quarter. BlackRock Inc. now owns 910,159 shares of the bank’s stock valued at $14,081,000 after purchasing an additional 16,426 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of First Financial Northwest during the third quarter valued at approximately $209,000. Vanguard Group Inc raised its holdings in shares of First Financial Northwest by 3.6% during the third quarter. Vanguard Group Inc now owns 357,102 shares of the bank’s stock valued at $5,917,000 after purchasing an additional 12,325 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of First Financial Northwest by 3.6% during the third quarter. Vanguard Group Inc. now owns 357,102 shares of the bank’s stock valued at $5,917,000 after purchasing an additional 12,325 shares during the last quarter. 46.80% of the stock is owned by institutional investors and hedge funds.
First Financial Northwest stock traded down $0.08 during trading hours on Wednesday, hitting $16.54. The stock had a trading volume of 14,709 shares, compared to its average volume of 17,466. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $173.41 million, a PE ratio of 11.57, a price-to-earnings-growth ratio of 2.14 and a beta of 0.20. First Financial Northwest has a 12-month low of $13.75 and a 12-month high of $21.82.
First Financial Northwest (NASDAQ:FFNW) last issued its earnings results on Thursday, January 24th. The bank reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.06). The firm had revenue of $10.73 million during the quarter, compared to analysts’ expectations of $10.99 million. First Financial Northwest had a return on equity of 9.77% and a net margin of 25.34%. As a group, equities research analysts forecast that First Financial Northwest will post 1.1 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.08 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.32 annualized dividend and a yield of 1.93%. First Financial Northwest’s dividend payout ratio (DPR) is presently 22.38%.
About First Financial Northwest
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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