Analysts Set $18.00 Price Target for First Financial Northwest, Inc. (FFNW)

First Financial Northwest, Inc. (NASDAQ:FFNW) has been assigned a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.

Analysts have set a 12-month consensus price target of $18.00 for the company and are expecting that the company will post $0.27 EPS for the current quarter, according to Zacks. Zacks has also given First Financial Northwest an industry rank of 19 out of 265 based on the ratings given to its competitors.

FFNW has been the subject of a number of research analyst reports. Zacks Investment Research raised First Financial Northwest from a “sell” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Monday, January 8th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.00 target price on shares of First Financial Northwest in a research report on Friday, January 26th.

Shares of First Financial Northwest (NASDAQ FFNW) opened at $15.94 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $171.55, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 1.53 and a beta of 0.32. First Financial Northwest has a 1 year low of $14.83 and a 1 year high of $21.29.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Thursday, March 8th. First Financial Northwest’s dividend payout ratio (DPR) is presently 32.94%.

A number of hedge funds and other institutional investors have recently modified their holdings of FFNW. Vanguard Group Inc. raised its position in shares of First Financial Northwest by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 350,106 shares of the bank’s stock worth $5,647,000 after acquiring an additional 4,850 shares in the last quarter. Context BH Capital Management LP raised its position in shares of First Financial Northwest by 2.6% in the 3rd quarter. Context BH Capital Management LP now owns 172,098 shares of the bank’s stock worth $2,924,000 after acquiring an additional 4,400 shares in the last quarter. Northern Trust Corp raised its position in shares of First Financial Northwest by 2.1% in the 2nd quarter. Northern Trust Corp now owns 94,063 shares of the bank’s stock worth $1,518,000 after acquiring an additional 1,893 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of First Financial Northwest by 17.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 84,439 shares of the bank’s stock worth $1,362,000 after acquiring an additional 12,461 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its position in shares of First Financial Northwest by 47.9% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 37,372 shares of the bank’s stock worth $601,000 after acquiring an additional 12,100 shares in the last quarter. 42.41% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This story was originally published by American Banking News and is the property of of American Banking News. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://www.americanbankingnews.com/2018/02/01/analysts-set-18-00-price-target-for-first-financial-northwest-inc-ffnw.html.

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.

Get a free copy of the Zacks research report on First Financial Northwest (FFNW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for First Financial Northwest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Northwest and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply