First Financial Northwest (NASDAQ:FFNW) Upgraded at ValuEngine

ValuEngine upgraded shares of First Financial Northwest (NASDAQ:FFNW) from a sell rating to a hold rating in a research note published on Thursday, ValuEngine reports.

FFNW has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of First Financial Northwest from a hold rating to a sell rating in a research report on Wednesday. Janney Montgomery Scott upgraded shares of First Financial Northwest from a neutral rating to a buy rating in a research report on Thursday, July 18th.

First Financial Northwest stock traded down $0.18 during trading hours on Thursday, reaching $14.50. 11,614 shares of the stock were exchanged, compared to its average volume of 11,840. The stock has a market capitalization of $152.31 million, a PE ratio of 10.14, a P/E/G ratio of 2.21 and a beta of 0.22. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.13 and a current ratio of 1.13. First Financial Northwest has a 52-week low of $13.26 and a 52-week high of $18.38. The company’s 50 day moving average price is $14.22.

First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings data on Thursday, July 25th. The bank reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.11. The company had revenue of $10.59 million during the quarter, compared to the consensus estimate of $11.04 million. First Financial Northwest had a net margin of 16.78% and a return on equity of 6.65%. Equities research analysts anticipate that First Financial Northwest will post 0.95 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be issued a $0.09 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.48%. First Financial Northwest’s dividend payout ratio is presently 25.17%.

In related news, Director Kevin D. Padrick purchased 6,489 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was acquired at an average price of $15.05 per share, for a total transaction of $97,659.45. Following the acquisition, the director now directly owns 52,231 shares of the company’s stock, valued at approximately $786,076.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kevin D. Padrick purchased 17,540 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was bought at an average price of $15.05 per share, with a total value of $263,977.00. Following the acquisition, the director now directly owns 66,934 shares in the company, valued at $1,007,356.70. The disclosure for this purchase can be found here. Company insiders own 6.87% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in FFNW. BlackRock Inc. increased its holdings in shares of First Financial Northwest by 1.8% in the 4th quarter. BlackRock Inc. now owns 910,159 shares of the bank’s stock valued at $14,081,000 after purchasing an additional 16,426 shares in the last quarter. Acadian Asset Management LLC grew its stake in First Financial Northwest by 23.3% in the 1st quarter. Acadian Asset Management LLC now owns 60,308 shares of the bank’s stock valued at $949,000 after acquiring an additional 11,400 shares during the last quarter. Aperio Group LLC acquired a new stake in First Financial Northwest in the 2nd quarter valued at about $57,000. Geode Capital Management LLC grew its stake in First Financial Northwest by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 83,040 shares of the bank’s stock valued at $1,284,000 after acquiring an additional 3,501 shares during the last quarter. Finally, Northern Trust Corp grew its stake in First Financial Northwest by 3.0% in the 4th quarter. Northern Trust Corp now owns 98,452 shares of the bank’s stock valued at $1,523,000 after acquiring an additional 2,871 shares during the last quarter. Institutional investors and hedge funds own 45.13% of the company’s stock.

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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