First Financial Northwest, Inc. (FFNW) Expected to Post Quarterly Sales of $10.60 Million
Wall Street brokerages expect First Financial Northwest, Inc. (NASDAQ:FFNW) to post $10.60 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for First Financial Northwest’s earnings, with the lowest sales estimate coming in at $10.59 million and the highest estimate coming in at $10.60 million. First Financial Northwest reported sales of $10.09 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.1%. The business is scheduled to issue its next earnings report on Thursday, January 25th.
According to Zacks, analysts expect that First Financial Northwest will report full year sales of $10.60 million for the current year, with estimates ranging from $37.83 million to $39.70 million. For the next year, analysts forecast that the company will report sales of $43.19 million per share, with estimates ranging from $42.78 million to $43.60 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for First Financial Northwest.
First Financial Northwest (NASDAQ:FFNW) last issued its earnings results on Thursday, October 26th. The bank reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The business had revenue of $10.11 million during the quarter, compared to analysts’ expectations of $10.15 million. First Financial Northwest had a return on equity of 6.45% and a net margin of 18.74%.
A number of brokerages recently commented on FFNW. Zacks Investment Research cut shares of First Financial Northwest from a “hold” rating to a “strong sell” rating in a research report on Friday, July 28th. ValuEngine cut shares of First Financial Northwest from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.
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In other First Financial Northwest news, insider Joseph W. Kiley III sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $16.04, for a total value of $240,600.00. Following the sale, the insider now owns 44,250 shares of the company’s stock, valued at approximately $709,770. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gregg H. Deritis sold 4,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was 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 approximately $64,120. 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. Insiders own 7.31% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Algert Global LLC grew its holdings in First Financial Northwest by 0.5% in the 2nd quarter. Algert Global LLC now owns 21,947 shares of the bank’s stock worth $354,000 after acquiring an additional 100 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of First Financial Northwest by 5.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 15,874 shares of the bank’s stock valued at $280,000 after purchasing an additional 804 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of First Financial Northwest by 8.9% during the 2nd quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock valued at $246,000 after purchasing an additional 1,240 shares in the last quarter. Northern Trust Corp boosted its stake in shares of 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. Finally, Geode Capital Management LLC boosted its stake in shares of 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. 45.44% of the stock is currently owned by institutional investors and hedge funds.
First Financial Northwest (NASDAQ:FFNW) opened at $16.83 on Thursday. The company has a market cap of $179.30, a price-to-earnings ratio of 19.15, a P/E/G ratio of 2.07 and a beta of 0.33. First Financial Northwest has a 52-week low of $14.83 and a 52-week 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.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, November 30th. First Financial Northwest’s payout ratio is presently 32.18%.
About First Financial Northwest
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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