Wells Fargo & Company MN trimmed its position in First Financial Northwest, Inc. (NASDAQ:FFNW) by 12.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,422 shares of the bank’s stock after selling 1,751 shares during the quarter. Wells Fargo & Company MN owned approximately 0.12% of First Financial Northwest worth $200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in FFNW. Bank of New York Mellon Corp boosted its position in First Financial Northwest by 3.7% during the 1st quarter. Bank of New York Mellon Corp now owns 71,978 shares of the bank’s stock valued at $1,272,000 after purchasing an additional 2,562 shares during the period. Parametric Portfolio Associates LLC boosted its position in 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 during the period. JPMorgan Chase & Co. boosted its position in First Financial Northwest by 64.8% during the 1st quarter. JPMorgan Chase & Co. now owns 35,309 shares of the bank’s stock valued at $624,000 after purchasing an additional 13,882 shares during the period. Vanguard Group Inc. boosted its position in First Financial Northwest by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 345,256 shares of the bank’s stock valued at $6,100,000 after purchasing an additional 15,700 shares during the period. Finally, Geode Capital Management LLC boosted its position in 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 during the period. Institutional investors and hedge funds own 45.44% of the company’s stock.

A number of brokerages have issued reports on FFNW. Zacks Investment Research lowered First Financial Northwest from a “hold” rating to a “strong sell” rating in a research report on Friday, July 28th. ValuEngine lowered First Financial Northwest from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.

In other news, insider Joseph W. Kiley III sold 15,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregg H. Deritis sold 4,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $16.03, for a total value 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. Insiders have sold a total of 19,600 shares of company stock valued at $314,362 in the last quarter. 7.31% of the stock is currently owned by insiders.

First Financial Northwest, Inc. (FFNW) opened at $16.83 on Thursday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.17 and a current ratio of 1.17. First Financial Northwest, Inc. has a 12-month low of $14.83 and a 12-month high of $21.29. The stock has a market capitalization of $179.30, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 2.07 and a beta of 0.33.

First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings results on Thursday, October 26th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.05). First Financial Northwest had a return on equity of 6.45% and a net margin of 18.74%. The business had revenue of $10.11 million for the quarter, compared to analyst estimates of $10.15 million. sell-side analysts expect that First Financial Northwest, Inc. will post 0.81 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a yield of 1.66%. First Financial Northwest’s dividend payout ratio (DPR) is presently 32.18%.

TRADEMARK VIOLATION NOTICE: “First Financial Northwest, Inc. (FFNW) Shares Sold by Wells Fargo & Company MN” was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://www.watchlistnews.com/first-financial-northwest-inc-ffnw-shares-sold-by-wells-fargo-company-mn/1720921.html.

First Financial Northwest 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.

Institutional Ownership by Quarter for First Financial Northwest (NASDAQ:FFNW)

Receive News & Ratings for First Financial Northwest Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Northwest Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.