November 10, 2019 at 6:00 pm

Brokerages Anticipate First Financial Northwest, Inc. (NASDAQ:FFNW) to Post $0.23 EPS

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First Financial Northwest, Inc. (NASDAQ:FFNW) has earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

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Brokers have set a 12-month consensus price target of $15.75 for the company and are anticipating 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 177 out of 255 based on the ratings given to its competitors.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of First Financial Northwest from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Janney Montgomery Scott upgraded shares of First Financial Northwest from a “neutral” rating to a “buy” rating in a research note on Thursday, July 18th. Finally, ValuEngine upgraded shares of First Financial Northwest from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of First Financial Northwest by 4.6% during the second quarter. BlackRock Inc. now owns 907,160 shares of the bank’s stock valued at $12,836,000 after purchasing an additional 39,495 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of First Financial Northwest by 1.7% during the second quarter. Renaissance Technologies LLC now owns 660,900 shares of the bank’s stock valued at $9,352,000 after purchasing an additional 11,300 shares in the last quarter. Context BH Capital Management LP boosted its stake in shares of First Financial Northwest by 0.5% during the second quarter. Context BH Capital Management LP now owns 194,012 shares of the bank’s stock valued at $2,745,000 after purchasing an additional 888 shares in the last quarter. Northern Trust Corp boosted its stake in shares of First Financial Northwest by 3.1% during the second quarter. Northern Trust Corp now owns 100,960 shares of the bank’s stock valued at $1,428,000 after purchasing an additional 2,992 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of First Financial Northwest by 6.4% during the second quarter. Acadian Asset Management LLC now owns 64,142 shares of the bank’s stock valued at $907,000 after purchasing an additional 3,834 shares in the last quarter. Hedge funds and other institutional investors own 44.87% of the company’s stock.

Shares of FFNW stock traded down $0.20 during mid-day trading on Thursday, reaching $14.25. 24,700 shares of the company’s stock traded hands, compared to its average volume of 15,632. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. First Financial Northwest has a 12 month low of $13.20 and a 12 month high of $17.24. The firm has a market capitalization of $149.24 million, a PE ratio of 9.97 and a beta of 0.19. The firm has a 50 day moving average price of $14.28 and a two-hundred day moving average price of $14.68.

First Financial Northwest (NASDAQ:FFNW) last issued its earnings results on Thursday, October 24th. The bank reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.03. The business had revenue of $10.69 million for the quarter, compared to the consensus estimate of $10.80 million. First Financial Northwest had a net margin of 15.91% and a return on equity of 6.48%. As a group, equities analysts expect that First Financial Northwest will post 1 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.53%. First Financial Northwest’s dividend payout ratio is presently 25.17%.

First Financial Northwest Company Profile

First Financial Northwest, Inc operates as the holding company for First Financial Northwest Bank that provides commercial banking services in Washington. The company offers a range of deposit products, including noninterest bearing accounts, interest-bearing demand accounts, money market deposit accounts, statement savings accounts, and certificates of deposit.

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