First Financial Northwest, Inc. (FFNW) Position Cut by Numeric Investors LLC
Numeric Investors LLC trimmed its stake in First Financial Northwest, Inc. (NASDAQ:FFNW) by 13.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 195,350 shares of the bank’s stock after selling 30,029 shares during the quarter. Numeric Investors LLC owned about 1.89% of First Financial Northwest worth $3,151,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Algert Global LLC grew its holdings in First Financial Northwest by 0.5% in the second quarter. Algert Global LLC now owns 21,947 shares of the bank’s stock valued at $354,000 after purchasing an additional 100 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in First Financial Northwest by 1.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,635 shares of the bank’s stock valued at $188,000 after purchasing an additional 112 shares during the period. Parametric Portfolio Associates LLC grew its holdings in First Financial Northwest by 5.3% in the first 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 during the period. Teachers Advisors LLC grew its holdings in First Financial Northwest by 8.9% in the second 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 during the period. Finally, Northern Trust Corp grew its holdings in First Financial Northwest by 2.1% in the second 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 during the period. Hedge funds and other institutional investors own 44.39% of the company’s stock.
FFNW has been the topic of a number of recent research reports. 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 Gregg H. Deritis sold 4,000 shares of the 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 transaction, the insider now directly owns 4,000 shares in the company, valued at $64,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joann E. Lee sold 6,619 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $16.12, for a total value of $106,698.28. Following the transaction, the director now owns 95,604 shares of the company’s stock, valued at $1,541,136.48. The disclosure for this sale can be found here. Insiders have sold 26,219 shares of company stock valued at $421,060 over the last quarter. Corporate insiders own 7.31% of the company’s stock.
First Financial Northwest, Inc. (FFNW) opened at 17.65 on Thursday. First Financial Northwest, Inc. has a 12 month low of $14.07 and a 12 month high of $21.29. The firm’s 50-day moving average is $16.35 and its 200-day moving average is $16.43. The firm has a market capitalization of $182.91 million, a PE ratio of 19.68 and a beta of 0.36.
First Financial Northwest (NASDAQ:FFNW) last released its quarterly earnings data on Wednesday, July 26th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.04). First Financial Northwest had a return on equity of 6.85% and a net margin of 20.79%. The company had revenue of $9.73 million for the quarter, compared to analyst estimates of $9.75 million. On average, equities research analysts expect that First Financial Northwest, Inc. will post $0.90 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, September 7th. This represents a $0.28 annualized dividend and a yield of 1.59%. First Financial Northwest’s dividend payout ratio is currently 30.77%.
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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