First Financial Northwest (NASDAQ:FFNW) Releases Earnings Results, Misses Expectations By $0.14 EPS

First Financial Northwest (NASDAQ:FFNW) posted its earnings results on Tuesday. The bank reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.14), RTT News reports. The company had revenue of $20.09 million for the quarter, compared to analysts’ expectations of $9.49 million. First Financial Northwest had a return on equity of 0.66% and a net margin of 1.31%. During the same quarter in the prior year, the company earned $0.16 EPS.

First Financial Northwest Stock Down 0.3 %

Shares of First Financial Northwest stock traded down $0.06 during trading on Friday, reaching $22.44. The company’s stock had a trading volume of 3,900 shares, compared to its average volume of 39,252. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.10. The company has a market cap of $206.00 million, a price-to-earnings ratio of 203.38 and a beta of 0.53. First Financial Northwest has a 1-year low of $10.78 and a 1-year high of $23.50. The company has a 50-day simple moving average of $22.62 and a two-hundred day simple moving average of $21.67.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FFNW. StockNews.com lowered First Financial Northwest from a “hold” rating to a “sell” rating in a report on Tuesday. Piper Sandler lowered First Financial Northwest from an “overweight” rating to a “neutral” rating and set a $23.50 target price for the company. in a report on Friday, July 26th.

First Financial Northwest Company Profile

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.