First Financial Northwest, Inc. (FFNW) Receives Consensus Recommendation of “Hold” from Analysts
First Financial Northwest, Inc. (NASDAQ:FFNW) has earned a consensus 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.
Brokerages have set a 12-month consensus price target of $18.00 for the company and are forecasting that the company will post $0.23 EPS for the current quarter, according to Zacks. Zacks has also given First Financial Northwest an industry rank of 114 out of 265 based on the ratings given to its competitors.
A number of equities analysts have issued reports on FFNW shares. Zacks Investment Research raised shares of First Financial Northwest from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. ValuEngine downgraded shares of First Financial Northwest from a “buy” rating to a “hold” rating in a report on Friday, September 1st.
Shares of First Financial Northwest (NASDAQ:FFNW) traded up $0.15 during mid-day trading on Friday, reaching $16.62. 10,000 shares of the company’s stock were exchanged, compared to its average volume of 30,282. The company has a market cap of $176.60, a price-to-earnings ratio of 18.86, a PEG ratio of 2.04 and a beta of 0.33. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.36. First Financial Northwest has a fifty-two week low of $14.83 and a fifty-two week high of $21.29.
First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings results on Thursday, October 26th. The bank reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.05). The business had revenue of $10.11 million for the quarter, compared to the consensus estimate of $10.15 million. First Financial Northwest had a net margin of 18.74% and a return on equity of 6.45%. research analysts anticipate that First Financial Northwest will post 0.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Thursday, November 30th. First Financial Northwest’s dividend payout ratio is 32.18%.
In related news, insider Gregg H. Deritis sold 4,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $16.03, for a total value of $64,120.00. Following the transaction, the insider now directly owns 4,000 shares of the company’s stock, valued at approximately $64,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph W. Kiley III sold 15,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $16.04, for a total transaction of $240,600.00. Following the completion of the transaction, the insider now directly owns 44,250 shares in the company, valued at $709,770. The disclosure for this sale can be found here. Insiders have sold a total of 19,600 shares of company stock worth $314,362 over the last ninety days. Insiders own 7.31% of the company’s stock.
Several large investors have recently modified their holdings of FFNW. The Manufacturers Life Insurance Company boosted its holdings in shares of First Financial Northwest by 40.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,988 shares of the bank’s stock worth $146,000 after buying an additional 2,611 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of First Financial Northwest in the 3rd quarter worth about $181,000. Alpine Woods Capital Investors LLC purchased a new position in shares of First Financial Northwest in the 3rd quarter worth about $204,000. Teachers Advisors LLC boosted its holdings in shares of First Financial Northwest by 8.9% in the 2nd quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock worth $246,000 after buying an additional 1,240 shares during the last quarter. Finally, Brighton Jones LLC purchased a new position in shares of First Financial Northwest in the 2nd quarter worth about $270,000. 42.49% of the stock is currently owned by institutional investors.
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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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