DA Davidson Comments on First Financial Northwest, Inc.’s FY2020 Earnings (NASDAQ:FFNW)

First Financial Northwest, Inc. (NASDAQ:FFNW) – Stock analysts at DA Davidson decreased their FY2020 earnings per share estimates for shares of First Financial Northwest in a note issued to investors on Monday, January 28th, Zacks Investment Research reports. DA Davidson analyst J. Rulis now expects that the bank will post earnings per share of $1.20 for the year, down from their prior estimate of $1.25.

First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings data on Thursday, January 24th. The bank reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.06). The business had revenue of $10.73 million during the quarter, compared to the consensus estimate of $10.99 million. First Financial Northwest had a return on equity of 9.80% and a net margin of 25.34%.

A number of other research firms have also recently commented on FFNW. Zacks Investment Research cut First Financial Northwest from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 29th. ValuEngine cut First Financial Northwest from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 23rd.

Shares of FFNW stock opened at $15.99 on Wednesday. The company has a market capitalization of $173.98 million, a PE ratio of 11.18, a price-to-earnings-growth ratio of 1.96 and a beta of 0.17. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.12 and a current ratio of 1.12. First Financial Northwest has a fifty-two week low of $13.75 and a fifty-two week high of $21.82.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, March 7th. First Financial Northwest’s dividend payout ratio is currently 22.38%.

In other First Financial Northwest news, Director Kevin D. Padrick purchased 9,249 shares of the firm’s stock in a transaction dated Thursday, December 27th. The stock was purchased at an average price of $15.05 per share, for a total transaction of $139,197.45. Following the completion of the purchase, the director now directly owns 38,498 shares of the company’s stock, valued at $579,394.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kevin D. Padrick acquired 10,524 shares of the business’s stock in a transaction that occurred on Friday, December 14th. The stock was purchased at an average cost of $15.05 per share, with a total value of $158,386.20. Following the acquisition, the director now directly owns 17,530 shares of the company’s stock, valued at $263,826.50. The disclosure for this purchase can be found here. Insiders bought 43,815 shares of company stock valued at $659,416 in the last 90 days. Company insiders own 6.75% of the company’s stock.

Large investors have recently made changes to their positions in the business. Rhumbline Advisers purchased a new position in First Financial Northwest in the fourth quarter worth about $174,000. First Trust Advisors LP bought a new position in shares of First Financial Northwest in the third quarter worth about $209,000. Matarin Capital Management LLC bought a new position in shares of First Financial Northwest in the third quarter worth about $275,000. O Shaughnessy Asset Management LLC raised its stake in shares of 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 buying an additional 10,103 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in shares of First Financial Northwest in the third quarter worth about $308,000. 47.49% of the stock is currently owned by institutional investors and hedge funds.

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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