First Financial Northwest, Inc. Announces Quarterly Dividend of $0.07 (NASDAQ:FFNW)
First Financial Northwest, Inc. (NASDAQ:FFNW) announced a quarterly dividend on Thursday, July 27th, Wall Street Journal reports. Stockholders of record on Friday, September 8th will be given a dividend of 0.07 per share by the bank on Friday, September 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, September 7th.
First Financial Northwest (NASDAQ FFNW) traded down 0.42% during mid-day trading on Thursday, hitting $16.42. The stock had a trading volume of 26,776 shares. First Financial Northwest has a 12 month low of $13.10 and a 12 month high of $21.29. The stock has a market cap of $169.44 million, a price-to-earnings ratio of 19.95 and a beta of 0.33. The stock’s 50-day moving average price is $16.64 and its 200-day moving average price is $17.70.
First Financial Northwest (NASDAQ:FFNW) last released its earnings results on Wednesday, July 26th. The bank reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.04. The company had revenue of $9.73 million for the quarter, compared to the consensus estimate of $9.75 million. First Financial Northwest had a net margin of 20.52% and a return on equity of 6.27%. On average, analysts predict that First Financial Northwest will post $0.94 earnings per share for the current year.
In other First Financial Northwest news, Director Gary F. Faull sold 18,340 shares of the company’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $15.95, for a total value of $292,523.00. Following the transaction, the director now owns 101,478 shares of the company’s stock, valued at approximately $1,618,574.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.31% of the company’s stock.
Separately, Zacks Investment Research raised First Financial Northwest from a “strong sell” rating to a “hold” rating in a research report on Friday, May 12th.
First Financial Northwest declared that its board has authorized a stock buyback plan on Monday, May 22nd that authorizes the company to buyback 1,100,000 outstanding shares. This buyback authorization authorizes the bank to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
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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