First Financial Northwest, Inc. (NASDAQ:FFNW) Receives Average Rating of “Buy” from Analysts

First Financial Northwest, Inc. (NASDAQ:FFNW) has earned an average broker rating score of 2.33 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokers have set a 12-month consensus target price of $12.00 for the company and are predicting that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also given First Financial Northwest an industry rank of 64 out of 254 based on the ratings given to related companies.

A number of equities analysts recently issued reports on the company. ValuEngine cut First Financial Northwest from a “hold” rating to a “sell” rating in a report on Wednesday, April 8th. Zacks Investment Research cut First Financial Northwest from a “hold” rating to a “sell” rating in a report on Monday, June 22nd.

In related news, Director Ralph C. Sabin acquired 4,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were acquired at an average cost of $9.88 per share, for a total transaction of $39,520.00. Following the purchase, the director now owns 3,818 shares in the company, valued at $37,721.84. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard M. Riccobono bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were acquired at an average cost of $9.22 per share, with a total value of $46,100.00. Following the completion of the transaction, the director now owns 15,916 shares in the company, valued at $146,745.52. The disclosure for this purchase can be found here. 6.53% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in FFNW. State Street Corp increased its position in shares of First Financial Northwest by 0.4% during the 4th quarter. State Street Corp now owns 151,373 shares of the bank’s stock valued at $2,262,000 after purchasing an additional 666 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of First Financial Northwest by 3.1% during the 4th quarter. Acadian Asset Management LLC now owns 70,926 shares of the bank’s stock valued at $1,060,000 after purchasing an additional 2,110 shares during the last quarter. Barclays PLC increased its position in shares of First Financial Northwest by 99.0% during the 4th quarter. Barclays PLC now owns 8,084 shares of the bank’s stock valued at $120,000 after purchasing an additional 4,022 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of First Financial Northwest by 2.5% during the 4th quarter. Renaissance Technologies LLC now owns 692,200 shares of the bank’s stock valued at $10,341,000 after purchasing an additional 17,206 shares during the last quarter. Finally, UBS Group AG increased its position in shares of First Financial Northwest by 21.2% during the 4th quarter. UBS Group AG now owns 19,881 shares of the bank’s stock valued at $297,000 after purchasing an additional 3,479 shares during the last quarter. 44.13% of the stock is owned by hedge funds and other institutional investors.

FFNW traded up $0.54 on Wednesday, hitting $9.30. 559 shares of the stock were exchanged, compared to its average volume of 97,204. First Financial Northwest has a 12 month low of $7.90 and a 12 month high of $15.47. The business has a 50-day moving average of $9.29 and a two-hundred day moving average of $11.94. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $89.15 million, a price-to-earnings ratio of 9.05 and a beta of 0.50.

First Financial Northwest (NASDAQ:FFNW) last issued its earnings results on Tuesday, April 28th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). First Financial Northwest had a return on equity of 6.54% and a net margin of 15.80%. The firm had revenue of $10.65 million during the quarter, compared to the consensus estimate of $11.00 million. Equities research analysts expect that First Financial Northwest will post 0.73 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 5th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 4.30%. The ex-dividend date was Thursday, June 4th. First Financial Northwest’s dividend payout ratio (DPR) is presently 38.83%.

First Financial Northwest Company Profile

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: Net Income

Get a free copy of the Zacks research report on First Financial Northwest (FFNW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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