Wall Street brokerages expect that First Financial Northwest, Inc. (NASDAQ:FFNW) will report sales of $11.16 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for First Financial Northwest’s earnings, with the lowest sales estimate coming in at $10.80 million and the highest estimate coming in at $11.53 million. First Financial Northwest reported sales of $10.90 million in the same quarter last year, which indicates a positive year over year growth rate of 2.4%. The firm is expected to announce its next quarterly earnings results on Thursday, October 24th.
On average, analysts expect that First Financial Northwest will report full year sales of $43.95 million for the current year, with estimates ranging from $43.10 million to $44.79 million. For the next fiscal year, analysts anticipate that the firm will post sales of $47.91 million, with estimates ranging from $46.10 million to $49.72 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for First Financial Northwest.
First Financial Northwest (NASDAQ:FFNW) last posted its quarterly earnings data on Thursday, July 25th. The bank reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.11. First Financial Northwest had a net margin of 16.78% and a return on equity of 6.65%. The firm had revenue of $10.59 million during the quarter, compared to analyst estimates of $11.04 million.
In other news, Director Kevin D. Padrick acquired 6,489 shares of First Financial Northwest stock in a transaction dated Friday, May 31st. The stock was purchased at an average cost of $15.05 per share, with a total value of $97,659.45. Following the completion of the purchase, the director now directly owns 52,231 shares in the company, valued at approximately $786,076.55. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kevin D. Padrick acquired 17,540 shares of First Financial Northwest stock in a transaction dated Wednesday, June 12th. The stock was purchased at an average cost of $15.05 per share, with a total value of $263,977.00. Following the completion of the purchase, the director now owns 66,934 shares of the company’s stock, valued at $1,007,356.70. The disclosure for this purchase can be found here. Corporate insiders own 6.87% of the company’s stock.
Large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its stake in First Financial Northwest by 732.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,748 shares of the bank’s stock worth $28,000 after buying an additional 1,538 shares during the period. Aperio Group LLC purchased a new position in shares of First Financial Northwest in the 2nd quarter worth approximately $57,000. O Shaughnessy Asset Management LLC grew its position in shares of First Financial Northwest by 7.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 18,259 shares of the bank’s stock worth $288,000 after buying an additional 1,234 shares during the last quarter. Acadian Asset Management LLC boosted its stake in First Financial Northwest by 6.4% in the 2nd quarter. Acadian Asset Management LLC now owns 64,142 shares of the bank’s stock worth $907,000 after purchasing an additional 3,834 shares in the last quarter. Finally, Geode Capital Management LLC boosted 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 worth $1,284,000 after purchasing an additional 3,501 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.
First Financial Northwest stock traded down $0.02 during mid-day trading on Friday, reaching $14.54. The company’s stock had a trading volume of 9,870 shares, compared to its average volume of 15,279. First Financial Northwest has a 12-month low of $13.26 and a 12-month high of $18.00. The firm has a market cap of $151.07 million, a P/E ratio of 10.17, a P/E/G ratio of 2.12 and a beta of 0.22. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.08. The stock has a fifty day moving average of $14.31.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a $0.09 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.36 annualized dividend and a dividend yield of 2.48%. First Financial Northwest’s dividend payout ratio is presently 25.17%.
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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