Brokerages Anticipate First Financial Northwest, Inc. (FFNW) to Post $0.23 EPS
First Financial Northwest, Inc. (NASDAQ:FFNW) has earned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.
Brokers have set a twelve-month consensus target price of $18.00 for the company and are forecasting that the company will post $0.23 EPS for the current quarter, according to Zacks. Zacks has also given First Financial Northwest an industry rank of 170 out of 265 based on the ratings given to related companies.
FFNW has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of First Financial Northwest from a “hold” rating to a “strong sell” rating in a research note on Friday, July 28th. ValuEngine downgraded shares of First Financial Northwest from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.
Shares of First Financial Northwest (FFNW) traded up $0.17 on Thursday, reaching $16.83. 8,700 shares of the company’s stock traded hands, compared to its average volume of 30,592. The firm has a market capitalization of $185.80, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 2.07 and a beta of 0.33. First Financial Northwest has a 52 week low of $14.83 and a 52 week high of $21.29. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.36.
First Financial Northwest (NASDAQ:FFNW) last announced its earnings results on Thursday, October 26th. The bank reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.05). The firm had revenue of $10.11 million during the quarter, compared to analyst estimates of $10.15 million. First Financial Northwest had a net margin of 18.74% and a return on equity of 6.45%. research analysts anticipate that First Financial Northwest will post 0.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.66%. First Financial Northwest’s payout ratio is currently 32.56%.
In other news, insider Gregg H. Deritis sold 4,000 shares of First Financial Northwest stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $16.03, for a total transaction of $64,120.00. Following the completion of the sale, the insider now directly owns 4,000 shares in the company, valued at $64,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph W. Kiley III sold 15,000 shares of First Financial Northwest stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $16.04, for a total transaction of $240,600.00. Following the sale, the insider now owns 44,250 shares of the company’s stock, valued at $709,770. The disclosure for this sale can be found here. Insiders have sold 19,600 shares of company stock valued at $314,362 over the last quarter. Insiders own 7.31% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Algert Global LLC lifted its stake in shares of First Financial Northwest by 0.5% during the second quarter. Algert Global LLC now owns 21,947 shares of the bank’s stock worth $354,000 after buying an additional 100 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of First Financial Northwest by 5.3% during the first quarter. Parametric Portfolio Associates LLC now owns 15,874 shares of the bank’s stock worth $280,000 after buying an additional 804 shares during the period. Teachers Advisors LLC lifted its stake in shares of First Financial Northwest by 8.9% during the second quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock worth $246,000 after buying an additional 1,240 shares during the period. Northern Trust Corp lifted its stake in shares of First Financial Northwest by 2.1% during the second quarter. Northern Trust Corp now owns 94,063 shares of the bank’s stock worth $1,518,000 after buying an additional 1,893 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of First Financial Northwest by 3.9% during the first quarter. Geode Capital Management LLC now owns 62,518 shares of the bank’s stock worth $1,104,000 after buying an additional 2,350 shares during the period. Institutional investors and hedge funds own 45.44% of the company’s stock.
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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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