First Financial Northwest, Inc. (NASDAQ:FFNW) released its quarterly earnings results on Thursday, October 26th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05), MarketWatch Earnings reports. First Financial Northwest had a net margin of 18.74% and a return on equity of 6.45%. The company had revenue of $10.11 million for the quarter, compared to analyst estimates of $10.15 million.
First Financial Northwest (FFNW) traded down $0.06 during trading on Friday, hitting $16.04. 10,600 shares of the stock traded hands, compared to its average volume of 18,939. The company has a market capitalization of $172.62, a PE ratio of 18.44, a P/E/G ratio of 1.99 and a beta of 0.33. The company has a current ratio of 1.17, a quick ratio of 1.20 and a debt-to-equity ratio of 1.36. First Financial Northwest has a 52-week low of $14.83 and a 52-week high of $21.29.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a yield of 1.75%. First Financial Northwest’s payout ratio is 32.18%.
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In other news, insider Gregg H. Deritis sold 4,000 shares of the stock in a transaction dated 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 document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph W. Kiley III sold 15,000 shares of the stock in a transaction dated 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. In the last three months, insiders sold 19,600 shares of company stock worth $314,362. 7.31% of the stock is owned by insiders.
An institutional investor recently raised its position in First Financial Northwest stock. The Manufacturers Life Insurance Company increased its stake in First Financial Northwest, Inc. (NASDAQ:FFNW) by 40.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,988 shares of the bank’s stock after buying an additional 2,611 shares during the period. The Manufacturers Life Insurance Company owned 0.09% of First Financial Northwest worth $146,000 at the end of the most recent reporting period. 44.81% of the stock is owned by hedge funds and other institutional investors.
FFNW has been the topic of a number of research analyst reports. Zacks Investment Research downgraded First Financial Northwest from a “hold” rating to a “strong sell” rating in a research note on Friday, July 28th. ValuEngine downgraded First Financial Northwest from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.
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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