ValuEngine cut shares of First Financial Northwest (NASDAQ:FFNW) from a hold rating to a sell rating in a report published on Saturday.

A number of other equities analysts have also weighed in on the stock. Keefe, Bruyette & Woods restated a hold rating and set a $19.00 price target on shares of First Financial Northwest in a research report on Friday, July 27th. FIG Partners lowered shares of First Financial Northwest from an outperform rating to a hold rating in a research report on Friday, July 27th. Finally, Zacks Investment Research lowered shares of First Financial Northwest from a strong-buy rating to a hold rating in a research report on Wednesday, July 25th.

FFNW opened at $16.66 on Friday. The stock has a market cap of $185.55 million, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 1.12 and a beta of 0.12. First Financial Northwest has a twelve month low of $13.13 and a twelve month high of $21.82. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.47.

First Financial Northwest (NASDAQ:FFNW) last posted its quarterly earnings results on Friday, July 27th. The bank reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The firm had revenue of $10.79 million for the quarter, compared to analyst estimates of $11.35 million. First Financial Northwest had a net margin of 25.72% and a return on equity of 10.27%. equities analysts predict that First Financial Northwest will post 1.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Friday, September 7th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $0.32 dividend on an annualized basis and a yield of 1.92%. First Financial Northwest’s payout ratio is presently 35.96%.

In related news, Director Gary F. Faull sold 12,409 shares of the business’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $17.19, for a total transaction of $213,310.71. Following the transaction, the director now directly owns 80,967 shares in the company, valued at $1,391,822.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.75% of the company’s stock.

Hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its stake in First Financial Northwest by 172.4% during the first quarter. The Manufacturers Life Insurance Company now owns 9,936 shares of the bank’s stock worth $166,000 after purchasing an additional 6,289 shares during the period. Hartford Investment Management Co. purchased a new position in First Financial Northwest during the second quarter worth about $223,000. Schwab Charles Investment Management Inc. raised its stake in First Financial Northwest by 46.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 15,100 shares of the bank’s stock worth $253,000 after purchasing an additional 4,800 shares during the period. American Century Companies Inc. purchased a new position in First Financial Northwest during the second quarter worth about $403,000. Finally, Mackay Shields LLC purchased a new position in First Financial Northwest during the first quarter worth about $356,000. 45.52% of the stock is currently owned by institutional investors.

About First Financial Northwest

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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