Analysts Expect First Financial Northwest, Inc. (FFNW) to Post $0.27 EPS

First Financial Northwest, Inc. (NASDAQ:FFNW) has received an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.

Analysts have set a 12 month consensus price objective of $17.50 for the company and are predicting that the company will post $0.27 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Financial Northwest an industry rank of 93 out of 256 based on the ratings given to its competitors.

A number of research firms have recently weighed in on FFNW. ValuEngine lowered shares of First Financial Northwest from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Zacks Investment Research raised shares of First Financial Northwest from a “sell” rating to a “hold” rating in a research report on Wednesday, September 26th.

In other news, Director Kevin D. Padrick acquired 12,212 shares of the business’s stock in a transaction dated Monday, December 17th. The stock was acquired at an average price of $15.05 per share, with a total value of $183,790.60. Following the completion of the transaction, the director now directly owns 17,530 shares in the company, valued at approximately $263,826.50. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kevin D. Padrick acquired 10,524 shares of the business’s stock in a transaction dated Friday, December 14th. The stock was purchased at an average cost of $15.05 per share, with a total value of $158,386.20. Following the transaction, the director now owns 17,530 shares of the company’s stock, valued at $263,826.50. The disclosure for this purchase can be found here. In the last three months, insiders bought 45,268 shares of company stock valued at $680,324. Company insiders own 6.75% of the company’s stock.

Several large investors have recently bought and sold shares of the company. First Trust Advisors LP acquired a new position in First Financial Northwest during the third quarter worth approximately $209,000. Matarin Capital Management LLC acquired a new position in First Financial Northwest during the third quarter worth approximately $275,000. O Shaughnessy Asset Management LLC increased its position in First Financial Northwest by 132.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 17,710 shares of the bank’s stock worth $293,000 after purchasing an additional 10,103 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in First Financial Northwest during the third quarter worth approximately $308,000. Finally, American Century Companies Inc. acquired a new position in First Financial Northwest during the second quarter worth approximately $403,000. 47.79% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ FFNW opened at $15.82 on Thursday. First Financial Northwest has a 12-month low of $13.13 and a 12-month high of $21.82. The stock has a market capitalization of $171.14 million, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 1.85 and a beta of 0.23. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.96.

First Financial Northwest (NASDAQ:FFNW) last posted its quarterly earnings data on Thursday, October 25th. The bank reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. The business had revenue of $10.90 million during the quarter, compared to analyst estimates of $11.05 million. First Financial Northwest had a net margin of 26.45% and a return on equity of 10.66%. On average, equities analysts predict that First Financial Northwest will post 1.5 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Stockholders of record on Friday, November 30th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Thursday, November 29th. First Financial Northwest’s dividend payout ratio is presently 35.96%.

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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