First Financial Northwest, Inc. (NASDAQ:FFNW) – Analysts at FIG Partners issued their Q1 2018 earnings estimates for First Financial Northwest in a report released on Monday. FIG Partners analyst C. Marinac anticipates that the bank will earn $0.25 per share for the quarter. FIG Partners currently has a “Outperform” rating on the stock. FIG Partners also issued estimates for First Financial Northwest’s Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.29 EPS and Q4 2018 earnings at $0.29 EPS.
A number of other research firms have also weighed in on FFNW. Zacks Investment Research lowered First Financial Northwest from a “hold” rating to a “strong sell” rating in a research report on Monday, October 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.00 price target on shares of First Financial Northwest in a research report on Friday, January 26th.
First Financial Northwest (NASDAQ:FFNW) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.08. First Financial Northwest had a return on equity of 6.54% and a net margin of 17.01%. The business had revenue of $10.60 million during the quarter, compared to analyst estimates of $10.60 million.
Several large investors have recently added to or reduced their stakes in FFNW. Kennedy Capital Management Inc. boosted its position in First Financial Northwest by 216.1% during the 4th quarter. Kennedy Capital Management Inc. now owns 158,849 shares of the bank’s stock worth $2,464,000 after acquiring an additional 108,593 shares during the period. BlackRock Inc. boosted its position in First Financial Northwest by 2.1% during the 4th quarter. BlackRock Inc. now owns 474,103 shares of the bank’s stock worth $7,353,000 after acquiring an additional 9,929 shares during the period. Bank of New York Mellon Corp boosted its position in First Financial Northwest by 12.5% during the 4th quarter. Bank of New York Mellon Corp now owns 84,025 shares of the bank’s stock worth $1,303,000 after acquiring an additional 9,348 shares during the period. Wells Fargo & Company MN boosted its position in First Financial Northwest by 35.9% during the 3rd quarter. Wells Fargo & Company MN now owns 16,885 shares of the bank’s stock worth $288,000 after acquiring an additional 4,463 shares during the period. Finally, Alpine Woods Capital Investors LLC acquired a new stake in First Financial Northwest during the 3rd quarter worth about $204,000. Institutional investors and hedge funds own 42.59% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.76%. First Financial Northwest’s dividend payout ratio (DPR) is 34.57%.
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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