Shares of First Financial Northwest, Inc. (NASDAQ:FFNW) have been assigned a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.
Brokerages have set a 12 month consensus price objective of $18.50 for the company and are forecasting that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also given First Financial Northwest an industry rank of 219 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded shares of First Financial Northwest from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 30th.
In other news, insider Joseph W. Kiley III sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $15.93, for a total value of $159,300.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 6.87% of the company’s stock.
A number of large investors have recently bought and sold shares of FFNW. BNP Paribas Arbitrage SA boosted its position in First Financial Northwest by 732.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,748 shares of the bank’s stock worth $28,000 after buying an additional 1,538 shares during the period. JPMorgan Chase & Co. boosted its position in First Financial Northwest by 87.6% during the 1st quarter. JPMorgan Chase & Co. now owns 3,995 shares of the bank’s stock worth $63,000 after buying an additional 1,866 shares during the period. Rhumbline Advisers acquired a new stake in First Financial Northwest during the 4th quarter worth approximately $174,000. First Trust Advisors LP boosted its position in First Financial Northwest by 18.7% during the 4th quarter. First Trust Advisors LP now owns 14,955 shares of the bank’s stock worth $231,000 after buying an additional 2,355 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its position in First Financial Northwest by 7.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 18,259 shares of the bank’s stock worth $288,000 after buying an additional 1,234 shares during the period. Institutional investors and hedge funds own 45.41% of the company’s stock.
FFNW opened at $15.50 on Friday. First Financial Northwest has a 1-year low of $13.75 and a 1-year high of $21.82. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $160.82 million, a PE ratio of 15.98, a P/E/G ratio of 2.33 and a beta of 0.22.
First Financial Northwest (NASDAQ:FFNW) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). First Financial Northwest had a net margin of 16.87% and a return on equity of 6.53%. The company had revenue of $10.55 million during the quarter, compared to analyst estimates of $11.28 million. On average, analysts expect that First Financial Northwest will post 0.95 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a $0.09 dividend. This is an increase from First Financial Northwest’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Thursday, June 6th. 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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