First Financial Northwest, Inc. (FFNW) Receives Average Rating of “Hold” from Brokerages

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

Brokers have set a 12 month consensus price objective of $17.50 for the company and are anticipating that the company will post $0.27 EPS for the current quarter, according to Zacks. Zacks has also assigned 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 research note on Tuesday, January 29th.

NASDAQ FFNW traded down $0.08 on Wednesday, hitting $16.54. The stock had a trading volume of 14,709 shares, compared to its average volume of 17,466. First Financial Northwest has a 52-week low of $13.75 and a 52-week high of $21.82. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $173.41 million, a PE ratio of 11.57, a P/E/G ratio of 2.14 and a beta of 0.20.

First Financial Northwest (NASDAQ:FFNW) last posted its earnings results on Thursday, January 24th. The bank reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.06). First Financial Northwest had a return on equity of 9.77% and a net margin of 25.34%. The firm had revenue of $10.73 million during the quarter, compared to analysts’ expectations of $10.99 million. On average, research analysts anticipate that First Financial Northwest will post 1.1 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.93%. The ex-dividend date was Thursday, March 7th. First Financial Northwest’s dividend payout ratio is presently 22.38%.

In other First Financial Northwest news, insider Joseph W. Kiley III sold 10,000 shares of the 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 legal filing with the SEC, which is available through this link. Corporate insiders own 6.75% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of First Financial Northwest by 1.6% during the 4th quarter. Bank of New York Mellon Corp now owns 96,182 shares of the bank’s stock valued at $1,488,000 after buying an additional 1,531 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of First Financial Northwest by 4.8% during the 4th quarter. Acadian Asset Management LLC now owns 48,908 shares of the bank’s stock valued at $756,000 after buying an additional 2,228 shares in the last quarter. First Trust Advisors LP raised its position in shares of First Financial Northwest by 18.7% during the 4th quarter. First Trust Advisors LP now owns 14,955 shares of the bank’s stock valued at $231,000 after buying an additional 2,355 shares in the last quarter. Northern Trust Corp raised its position in shares of First Financial Northwest by 3.0% during the 4th quarter. Northern Trust Corp now owns 98,452 shares of the bank’s stock valued at $1,523,000 after buying an additional 2,871 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of First Financial Northwest by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 83,040 shares of the bank’s stock valued at $1,284,000 after buying an additional 3,501 shares in the last quarter. Hedge funds and other institutional investors own 46.80% 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.

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