Analysts Expect First Financial Northwest, Inc. (FFNW) to Announce $0.28 Earnings Per Share

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 stock, Zacks Investment Research reports. Two research 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 anticipating that the company will post $0.28 EPS for the current quarter, according to Zacks. Zacks has also given First Financial Northwest an industry rank of 166 out of 255 based on the ratings given to its competitors.

A number of equities research analysts recently weighed in on the company. ValuEngine cut First Financial Northwest from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 23rd. Zacks Investment Research downgraded shares of First Financial Northwest from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 29th.

In related news, Director Kevin D. Padrick bought 10,524 shares of the firm’s stock in a transaction on Friday, December 14th. The shares were bought at an average price of $15.05 per share, with a total value of $158,386.20. Following the completion of the transaction, the director now directly owns 17,530 shares of the company’s stock, valued at approximately $263,826.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin D. Padrick bought 10,997 shares of the firm’s stock in a transaction on Wednesday, December 19th. The stock was bought at an average cost of $15.05 per share, for a total transaction of $165,504.85. Following the transaction, the director now directly owns 22,427 shares of the company’s stock, valued at $337,526.35. The disclosure for this purchase can be found here. Insiders have purchased 43,815 shares of company stock worth $659,416 in the last quarter. 6.75% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of FFNW. BlackRock Inc. increased its position in First Financial Northwest by 68.6% in the 2nd quarter. BlackRock Inc. now owns 879,129 shares of the bank’s stock worth $17,160,000 after purchasing an additional 357,775 shares during the last quarter. Bowling Portfolio Management LLC bought a new stake in shares of First Financial Northwest during the 3rd quarter worth $530,000. Hillsdale Investment Management Inc. lifted its holdings in shares of First Financial Northwest by 50.2% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 72,400 shares of the bank’s stock worth $1,200,000 after acquiring an additional 24,200 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of First Financial Northwest by 66.6% during the 2nd quarter. Millennium Management LLC now owns 54,565 shares of the bank’s stock worth $1,065,000 after acquiring an additional 21,811 shares during the last quarter. Finally, Seizert Capital Partners LLC bought a new stake in shares of First Financial Northwest during the 3rd quarter worth $353,000. Institutional investors own 47.49% of the company’s stock.

Shares of NASDAQ FFNW traded up $0.06 during midday trading on Friday, hitting $16.22. 2,125 shares of the company traded hands, compared to its average volume of 21,450. First Financial Northwest has a 12-month low of $13.75 and a 12-month high of $21.82. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $173.98 million, a P/E ratio of 11.34, a P/E/G ratio of 1.96 and a beta of 0.17.

First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings results on Thursday, January 24th. The bank reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.06). The business had revenue of $10.73 million for the quarter, compared to analysts’ expectations of $10.99 million. First Financial Northwest had a return on equity of 9.80% and a net margin of 25.34%. Research analysts anticipate that First Financial Northwest will post 1.16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Thursday, March 7th. First Financial Northwest’s dividend payout ratio is currently 22.38%.

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.

Further Reading: Beta

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