First Financial Northwest, Inc. (FFNW) Insider Sells $240,600.00 in Stock
First Financial Northwest, Inc. (NASDAQ:FFNW) insider Joseph W. Kiley III sold 15,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $16.04, for a total value of $240,600.00. Following the transaction, the insider now owns 44,250 shares in the company, valued at approximately $709,770. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of First Financial Northwest, Inc. (FFNW) traded down 0.06% during trading on Friday, reaching $16.01. The company’s stock had a trading volume of 74,956 shares. The firm has a market capitalization of $165.91 million, a P/E ratio of 17.85 and a beta of 0.36. The company has a 50 day moving average price of $16.10 and a 200 day moving average price of $16.77. First Financial Northwest, Inc. has a 52 week low of $13.70 and a 52 week high of $21.29.
First Financial Northwest (NASDAQ:FFNW) last released its earnings results on Wednesday, July 26th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.04). First Financial Northwest had a return on equity of 6.85% and a net margin of 20.79%. The business had revenue of $9.73 million for the quarter, compared to analyst estimates of $9.75 million. On average, equities research analysts expect that First Financial Northwest, Inc. will post $0.90 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, September 7th. First Financial Northwest’s payout ratio is 30.77%.
First Financial Northwest announced that its Board of Directors has approved a stock buyback program on Monday, May 22nd that permits the company to buyback 1,100,000 outstanding shares. This buyback authorization permits the bank to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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A number of equities analysts have issued reports on FFNW shares. ValuEngine downgraded First Financial Northwest from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded First Financial Northwest from a “hold” rating to a “strong sell” rating in a research report on Friday, July 28th.
Several large investors have recently made changes to their positions in FFNW. The Manufacturers Life Insurance Company boosted its stake in shares of First Financial Northwest by 40.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,988 shares of the bank’s stock worth $146,000 after acquiring an additional 2,611 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of First Financial Northwest by 1.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,635 shares of the bank’s stock worth $188,000 after acquiring an additional 112 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of First Financial Northwest during the 1st quarter worth approximately $208,000. ClariVest Asset Management LLC purchased a new stake in shares of First Financial Northwest during the 1st quarter worth approximately $231,000. Finally, Teachers Advisors LLC boosted its stake in shares of First Financial Northwest by 8.9% during the 2nd quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock worth $246,000 after acquiring an additional 1,240 shares in the last quarter. 44.39% of the stock is currently owned by institutional investors and hedge funds.
About First Financial Northwest
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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