First Financial Northwest Inc. (NASDAQ:FFNW) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued on Tuesday. The brokerage currently has a $16.00 price objective on the stock. Zacks Investment Research’s price target suggests a potential upside of 10.73% from the stock’s previous close.

According to Zacks, “FIRST FINANCIAL NORTHWEST, INC. is a Washington corporation headquartered in Renton, Washington. It is the parent company of First Savings Bank Northwest; a Washington chartered stock savings bank that was originally organized in 1923. The Company serves the Puget Sound Region of Washington that includes King, Snohomish and Pierce Counties, through its full-service banking office. The Company is part of the America’s Community Bankers NASDAQ Index. “

A number of other analysts also recently issued reports on FFNW. DA Davidson reiterated a “neutral” rating and issued a $15.00 price target on shares of First Financial Northwest in a report on Sunday, July 17th. Sandler O’Neill assumed coverage on shares of First Financial Northwest in a report on Wednesday, September 14th. They issued a “buy” rating on the stock.

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First Financial Northwest (NASDAQ:FFNW) traded down 0.21% during mid-day trading on Tuesday, hitting $14.45. 29,822 shares of the stock were exchanged. First Financial Northwest has a 52 week low of $12.43 and a 52 week high of $14.63. The firm has a market capitalization of $179.04 million, a price-to-earnings ratio of 24.00 and a beta of 0.38. The company’s 50-day moving average price is $13.81 and its 200 day moving average price is $13.56.

First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings data on Friday, July 22nd. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.04. First Financial Northwest had a net margin of 19.42% and a return on equity of 4.58%. Equities research analysts expect that First Financial Northwest will post $0.61 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.24 dividend on an annualized basis and a yield of 1.66%. First Financial Northwest’s dividend payout ratio is currently 40.68%.

First Financial Northwest Company Profile

First Financial Northwest, Inc (First Financial Northwest) is a holding company for First Financial Northwest Bank (the Bank). The Bank primarily serves the greater Puget Sound region of King and to a lesser extent, Pierce, Snohomish and Kitsap Counties, Washington through its full-service banking office located in Renton, Washington and branch office in Mill Creek, Washington.

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