Joseph W. Kiley III Sells 15,000 Shares of First Financial Northwest, Inc. (FFNW) Stock

First Financial Northwest, Inc. (NASDAQ:FFNW) insider Joseph W. Kiley III sold 15,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $16.04, for a total transaction of $240,600.00. Following the completion of the transaction, the insider now directly owns 44,250 shares in the company, valued at $709,770. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

First Financial Northwest, Inc. (NASDAQ FFNW) opened at 16.01 on Friday. The firm has a market capitalization of $165.91 million, a PE ratio of 17.85 and a beta of 0.36. First Financial Northwest, Inc. has a 52 week low of $13.84 and a 52 week high of $21.29. The firm has a 50-day moving average of $16.09 and a 200 day moving average of $16.74.

First Financial Northwest (NASDAQ:FFNW) last issued 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). First Financial Northwest had a return on equity of 6.85% and a net margin of 20.79%. The company had revenue of $9.73 million during the quarter, compared to analyst estimates of $9.75 million. Analysts predict that First Financial Northwest, Inc. will post $0.90 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, September 7th. First Financial Northwest’s dividend payout ratio (DPR) is 30.77%.

First Financial Northwest declared that its Board of Directors has approved a share repurchase plan on Monday, May 22nd that allows the company to buyback 1,100,000 outstanding shares. This buyback authorization allows the bank to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

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Several equities analysts have issued reports on FFNW shares. Zacks Investment Research cut shares of First Financial Northwest from a “hold” rating to a “strong sell” rating in a research note on Friday, July 28th. ValuEngine cut shares of First Financial Northwest from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.

Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings in shares of First Financial Northwest by 118.4% during the first quarter. Goldman Sachs Group Inc. now owns 24,221 shares of the bank’s stock valued at $428,000 after purchasing an additional 13,131 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of First Financial Northwest during the first quarter valued at $816,000. Oxford Asset Management acquired a new position in shares of First Financial Northwest during the first quarter valued at $704,000. Bank of New York Mellon Corp increased its holdings in shares of First Financial Northwest by 3.7% during the first quarter. Bank of New York Mellon Corp now owns 71,978 shares of the bank’s stock valued at $1,272,000 after purchasing an additional 2,562 shares during the period. Finally, Trexquant Investment LP acquired a new position in shares of First Financial Northwest during the first quarter valued at $208,000. 44.39% of the stock is currently owned by institutional investors.

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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