Brokerages Set $20.00 Target Price for First Financial Northwest, Inc. (FFNW)

First Financial Northwest, Inc. (NASDAQ:FFNW) has received a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation. First Financial Northwest’s rating score has declined by 50% from three months ago as a result of various analysts’ ratings changes.

Analysts have set a 1-year consensus price target of $20.00 for the company and are predicting that the company will post $0.28 EPS for the current quarter, according to Zacks. Zacks has also assigned First Financial Northwest an industry rank of 113 out of 255 based on the ratings given to related companies.

A number of analysts recently commented on the company. Zacks Investment Research raised First Financial Northwest from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a research report on Wednesday, May 2nd. FIG Partners lowered First Financial Northwest from an “outperform” rating to a “hold” rating in a research report on Friday, July 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.00 target price on shares of First Financial Northwest in a research report on Friday, July 27th.

Shares of First Financial Northwest opened at $17.40 on Friday, Marketbeat reports. The stock has a market capitalization of $189.29 million, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.16 and a beta of 0.14. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.18 and a current ratio of 1.18. First Financial Northwest has a 1 year low of $13.13 and a 1 year high of $21.82.

First Financial Northwest (NASDAQ:FFNW) last issued its earnings results on Friday, July 27th. The bank reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. First Financial Northwest had a return on equity of 10.43% and a net margin of 25.72%. The business had revenue of $10.79 million during the quarter, compared to analyst estimates of $11.35 million. equities research analysts forecast that First Financial Northwest will post 1.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, September 7th will be paid a $0.08 dividend. The ex-dividend date is Thursday, September 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.84%. First Financial Northwest’s payout ratio is presently 35.96%.

In other news, VP Joann E. Lee sold 22,520 shares of the business’s stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $17.37, for a total value of $391,172.40. Following the transaction, the vice president now owns 24,088 shares in the company, valued at approximately $418,408.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joann E. Lee sold 18,001 shares of the business’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $17.50, for a total value of $315,017.50. Following the completion of the transaction, the director now owns 106,104 shares in the company, valued at approximately $1,856,820. The disclosure for this sale can be found here. Insiders sold a total of 99,580 shares of company stock worth $1,768,861 in the last 90 days. Company insiders own 6.75% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in First Financial Northwest by 68.6% in the second quarter. BlackRock Inc. now owns 879,129 shares of the bank’s stock valued at $17,160,000 after purchasing an additional 357,775 shares during the last quarter. Thomson Horstmann & Bryant Inc. lifted its stake in First Financial Northwest by 4.6% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 298,394 shares of the bank’s stock valued at $4,998,000 after purchasing an additional 13,189 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in First Financial Northwest by 12.5% in the fourth quarter. Bank of New York Mellon Corp now owns 84,025 shares of the bank’s stock valued at $1,303,000 after purchasing an additional 9,348 shares during the last quarter. LSV Asset Management lifted its stake in First Financial Northwest by 5.1% in the second quarter. LSV Asset Management now owns 66,049 shares of the bank’s stock valued at $1,289,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in First Financial Northwest by 873.6% in the second quarter. Acadian Asset Management LLC now owns 43,412 shares of the bank’s stock valued at $848,000 after purchasing an additional 38,953 shares during the last quarter. Institutional investors and hedge funds own 42.49% 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.

Further Reading: Earnings Per Share (EPS) Explained

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