First Financial Northwest, Inc. (NASDAQ:FFNW) – Analysts at FIG Partners lowered their FY2017 earnings estimates for First Financial Northwest in a research note issued on Monday. FIG Partners analyst C. Marinac now forecasts that the bank will post earnings of $0.81 per share for the year, down from their previous forecast of $0.89. FIG Partners also issued estimates for First Financial Northwest’s Q4 2017 earnings at $0.23 EPS, Q1 2018 earnings at $0.22 EPS, Q2 2018 earnings at $0.23 EPS and FY2018 earnings at $0.95 EPS.
First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings data on Thursday, October 26th. The bank reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.05). The company had revenue of $10.11 million for the quarter, compared to analyst estimates of $10.15 million. First Financial Northwest had a return on equity of 6.44% and a net margin of 18.74%. ILLEGAL ACTIVITY NOTICE: This piece of content was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/11/09/fig-partners-brokers-reduce-earnings-estimates-for-first-financial-northwest-inc-ffnw.html.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of First Financial Northwest from a “hold” rating to a “strong sell” rating in a research note on Monday, October 30th. ValuEngine downgraded shares of First Financial Northwest from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.
First Financial Northwest (NASDAQ FFNW) opened at $16.01 on Tuesday. The company has a market capitalization of $174.13, a PE ratio of 18.60, a P/E/G ratio of 2.01 and a beta of 0.33. First Financial Northwest has a one year low of $14.83 and a one year high of $21.29. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.33.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its stake in shares of First Financial Northwest by 40.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,988 shares of the bank’s stock valued at $146,000 after acquiring an additional 2,611 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of First Financial Northwest in the third quarter valued at approximately $181,000. Alpine Woods Capital Investors LLC bought a new position in shares of First Financial Northwest in the third quarter valued at approximately $204,000. Teachers Advisors LLC raised its stake in shares of First Financial Northwest by 8.9% in the second quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock valued at $246,000 after acquiring an additional 1,240 shares during the last quarter. Finally, Brighton Jones LLC bought a new position in shares of First Financial Northwest in the second quarter valued at approximately $270,000. Hedge funds and other institutional investors own 44.81% of the company’s stock.
In other First Financial Northwest news, insider Joseph W. Kiley III sold 15,000 shares of the firm’s stock in a transaction dated 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 owns 44,250 shares in the company, valued at $709,770. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gregg H. Deritis sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $16.03, for a total transaction of $64,120.00. Following the transaction, the insider now owns 4,000 shares of the company’s stock, valued at approximately $64,120. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,600 shares of company stock worth $314,362. 7.31% of the stock is currently owned by company insiders.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, November 30th. First Financial Northwest’s dividend payout ratio is currently 32.18%.
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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