Brokerages Expect First Financial Northwest, Inc. (NASDAQ:FFNW) to Announce $0.25 EPS

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

Analysts have set a twelve-month consensus price objective of $17.00 for the company and are anticipating that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also given First Financial Northwest an industry rank of 182 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded First Financial Northwest from a “strong sell” rating to a “hold” rating in a research report on Monday, April 1st.

In other First Financial Northwest news, Director Kevin D. Padrick bought 17,540 shares of First Financial Northwest stock in a transaction that occurred on Wednesday, June 12th. The shares were purchased at an average cost of $15.05 per share, for a total transaction of $263,977.00. Following the completion of the transaction, the director now owns 66,934 shares of the company’s stock, valued at approximately $1,007,356.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kevin D. Padrick bought 6,489 shares of First Financial Northwest stock in a transaction that occurred on Friday, May 31st. The shares were acquired at an average price of $15.05 per share, for a total transaction of $97,659.45. Following the completion of the transaction, the director now directly owns 52,231 shares of the company’s stock, valued at approximately $786,076.55. The disclosure for this purchase can be found here. 6.87% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc increased its stake in First Financial Northwest by 3.6% during the third quarter. Vanguard Group Inc now owns 357,102 shares of the bank’s stock worth $5,917,000 after acquiring an additional 12,325 shares during the last quarter. Vanguard Group Inc. grew its stake in First Financial Northwest by 3.6% during the 3rd 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 in the last quarter. Bank of New York Mellon Corp grew its stake in First Financial Northwest by 7.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 94,651 shares of the bank’s stock valued at $1,569,000 after purchasing an additional 6,578 shares in the last quarter. Seizert Capital Partners LLC grew its stake in First Financial Northwest by 36.5% during the 4th quarter. Seizert Capital Partners LLC now owns 29,112 shares of the bank’s stock valued at $450,000 after purchasing an additional 7,785 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in 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 purchasing an additional 2,228 shares in the last quarter. Hedge funds and other institutional investors own 45.41% of the company’s stock.

Shares of NASDAQ:FFNW traded up $0.02 during trading on Monday, reaching $14.80. The company had a trading volume of 211 shares, compared to its average volume of 10,751. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.08. The firm has a market cap of $153.35 million, a P/E ratio of 10.23, a PEG ratio of 2.22 and a beta of 0.30. First Financial Northwest has a fifty-two week low of $13.75 and a fifty-two week high of $21.00.

First Financial Northwest (NASDAQ:FFNW) last posted its earnings results on Thursday, April 25th. The bank reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.05). First Financial Northwest had a return on equity of 6.53% and a net margin of 16.87%. The firm had revenue of $10.55 million for the quarter, compared to analysts’ expectations of $11.28 million. Research analysts forecast that First Financial Northwest will post 0.95 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a $0.09 dividend. This is an increase from First Financial Northwest’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, June 6th. First Financial Northwest’s dividend payout ratio is currently 25.17%.

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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