First Financial Northwest, Inc. (NASDAQ:FFNW) Short Interest Update

First Financial Northwest, Inc. (NASDAQ:FFNWGet Free Report) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 100,200 shares, an increase of 7.1% from the May 15th total of 93,600 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 27,600 shares, the short-interest ratio is currently 3.6 days.

First Financial Northwest Price Performance

FFNW traded down $0.15 during trading on Wednesday, hitting $20.81. 24,127 shares of the stock traded hands, compared to its average volume of 19,785. First Financial Northwest has a twelve month low of $10.09 and a twelve month high of $22.17. The company has a market cap of $190.83 million, a price-to-earnings ratio of 63.06 and a beta of 0.51. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50 day moving average price of $20.80 and a 200 day moving average price of $19.26.

First Financial Northwest (NASDAQ:FFNWGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The bank reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.21). First Financial Northwest had a net margin of 3.78% and a return on equity of 1.94%. The firm had revenue of $9.69 million for the quarter, compared to analyst estimates of $9.93 million. Equities research analysts forecast that First Financial Northwest will post 0.25 earnings per share for the current fiscal year.

First Financial Northwest Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, June 7th. This represents a $0.52 annualized dividend and a dividend yield of 2.50%. First Financial Northwest’s dividend payout ratio (DPR) is presently 157.58%.

Institutional Trading of First Financial Northwest

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brandywine Global Investment Management LLC grew its holdings in First Financial Northwest by 2.1% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 94,407 shares of the bank’s stock worth $1,201,000 after acquiring an additional 1,900 shares during the period. Choreo LLC grew its holdings in First Financial Northwest by 15.6% during the 4th quarter. Choreo LLC now owns 19,280 shares of the bank’s stock worth $260,000 after acquiring an additional 2,600 shares during the period. FNY Investment Advisers LLC acquired a new stake in First Financial Northwest during the 4th quarter worth about $117,000. Vanguard Group Inc. grew its holdings in First Financial Northwest by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 368,446 shares of the bank’s stock worth $7,575,000 after acquiring an additional 21,447 shares during the period. Finally, Kennedy Capital Management LLC acquired a new stake in First Financial Northwest during the 3rd quarter worth about $324,000. 55.00% of the stock is currently owned by institutional investors and hedge funds.

About First Financial Northwest

(Get Free Report)

First Financial Northwest, Inc operates as the bank 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 accounts, savings accounts, and certificates of deposit.

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