What is DA Davidson’s Forecast for FFNW Q4 Earnings?

First Financial Northwest, Inc. (NASDAQ:FFNW) – Equities researchers at DA Davidson issued their Q4 2024 earnings estimates for shares of First Financial Northwest in a note issued to investors on Wednesday, October 30th. DA Davidson analyst J. Rulis anticipates that the bank will post earnings of $0.06 per share for the quarter. The consensus estimate for First Financial Northwest’s current full-year earnings is $0.23 per share.

First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.14). The company had revenue of $20.09 million during the quarter, compared to analysts’ expectations of $9.49 million. First Financial Northwest had a return on equity of 1.98% and a net margin of 3.89%. During the same period last year, the firm posted $0.16 earnings per share.

A number of other equities analysts also recently weighed in on FFNW. StockNews.com downgraded shares of First Financial Northwest from a “hold” rating to a “sell” rating in a report on Tuesday. Piper Sandler cut First Financial Northwest from an “overweight” rating to a “neutral” rating and set a $23.50 price objective on the stock. in a research note on Friday, July 26th.

First Financial Northwest Price Performance

Shares of NASDAQ:FFNW opened at $22.70 on Thursday. The company’s 50-day moving average is $22.61 and its 200 day moving average is $21.67. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $208.25 million, a P/E ratio of 68.79 and a beta of 0.53. First Financial Northwest has a fifty-two week low of $10.78 and a fifty-two week high of $23.50.

Institutional Investors Weigh In On First Financial Northwest

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of First Financial Northwest by 6.2% during the first 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 in the last quarter. Black Maple Capital Management LP raised its stake in shares of First Financial Northwest by 45.8% during the first quarter. Black Maple Capital Management LP now owns 141,677 shares of the bank’s stock worth $2,913,000 after acquiring an additional 44,494 shares in the last quarter. Clear Harbor Asset Management LLC purchased a new position in shares of First Financial Northwest during the second quarter worth approximately $411,000. Bank of New York Mellon Corp raised its stake in shares of First Financial Northwest by 45.2% during the second quarter. Bank of New York Mellon Corp now owns 63,223 shares of the bank’s stock worth $1,336,000 after acquiring an additional 19,670 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of First Financial Northwest by 9.8% during the second quarter. Commonwealth Equity Services LLC now owns 11,986 shares of the bank’s stock worth $253,000 after acquiring an additional 1,069 shares in the last quarter. 55.00% of the stock is currently owned by institutional investors.

About First Financial Northwest

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.