Shares of First Financial Northwest, Inc. (NASDAQ:FFNW) have been given an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.
Analysts have set a twelve-month consensus target price of $18.00 for the company and are expecting that the company will post $0.23 earnings per share for the current quarter, according to Zacks. Zacks has also given First Financial Northwest an industry rank of 15 out of 265 based on the ratings given to its competitors.
A number of research firms recently issued reports on FFNW. Zacks Investment Research downgraded shares of 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 set a $19.00 target price on shares of First Financial Northwest in a research report on Friday, December 22nd.
First Financial Northwest (FFNW) opened at $15.51 on Monday. The stock has a market cap of $166.92, a P/E ratio of 17.83, a PEG ratio of 1.93 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 has a debt-to-equity ratio of 1.36, a current ratio of 1.17 and a quick ratio of 1.17.
First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings results on Thursday, October 26th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.05). First Financial Northwest had a return on equity of 6.45% and a net margin of 18.74%. The firm had revenue of $10.11 million during the quarter, compared to analyst estimates of $10.15 million. equities research analysts forecast that First Financial Northwest will post 0.81 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.81%. First Financial Northwest’s payout ratio is presently 32.18%.
Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in First Financial Northwest by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 350,106 shares of the bank’s stock valued at $5,647,000 after purchasing an additional 4,850 shares in the last quarter. Context BH Capital Management LP increased its stake in First Financial Northwest by 2.6% during the 3rd quarter. Context BH Capital Management LP now owns 172,098 shares of the bank’s stock valued at $2,924,000 after purchasing an additional 4,400 shares in the last quarter. Northern Trust Corp increased its stake in First Financial Northwest by 2.1% during the 2nd quarter. Northern Trust Corp now owns 94,063 shares of the bank’s stock valued at $1,518,000 after purchasing an additional 1,893 shares in the last quarter. Bank of New York Mellon Corp increased its stake in First Financial Northwest by 17.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 84,439 shares of the bank’s stock valued at $1,362,000 after purchasing an additional 12,461 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in First Financial Northwest by 3.9% during the 1st quarter. Geode Capital Management LLC now owns 62,518 shares of the bank’s stock valued at $1,104,000 after purchasing an additional 2,350 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.
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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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