Zacks Investment Research upgraded shares of First Financial Northwest, Inc. (NASDAQ:FFNW) from a strong sell rating to a hold rating in a research report report published on Friday, May 12th.
According to Zacks, “FIRST FINANCIAL NORTHWEST, INC. is a Washington corporation headquartered in Renton, Washington. It is the parent company of First Savings Bank Northwest; a Washington chartered stock savings bank that was originally organized in 1923. The Company serves the Puget Sound Region of Washington that includes King, Snohomish and Pierce Counties, through its full-service banking office. The Company is part of the America’s Community Bankers NASDAQ Index. “
First Financial Northwest (NASDAQ FFNW) opened at 15.98 on Friday. First Financial Northwest has a 1-year low of $12.58 and a 1-year high of $21.29. The company has a market capitalization of $164.90 million, a PE ratio of 19.42 and a beta of 0.46. The company has a 50 day moving average of $15.78 and a 200 day moving average of $18.14. First Financial Northwest (NASDAQ:FFNW) last announced its earnings results on Thursday, April 27th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.01. First Financial Northwest had a net margin of 20.05% and a return on equity of 5.45%. The business had revenue of $9.40 million for the quarter, compared to analysts’ expectations of $9.89 million. On average, analysts predict that First Financial Northwest will post $0.94 earnings per share for the current fiscal year.
First Financial Northwest (NASDAQ FFNW) opened at 15.98 on Friday. First Financial Northwest has a 1-year low of $12.58 and a 1-year high of $21.29. The company has a market capitalization of $164.90 million, a PE ratio of 19.42 and a beta of 0.46. The company has a 50 day moving average of $15.78 and a 200 day moving average of $18.14. The firm also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 9th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This is a positive change from First Financial Northwest’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 1.75%. First Financial Northwest’s dividend payout ratio (DPR) is currently 31.58%.
In other news, Director Gary F. Faull sold 18,340 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $15.95, for a total transaction of $292,523.00. Following the completion of the sale, the director now directly owns 101,478 shares of the company’s stock, valued at approximately $1,618,574.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 7.09% of the company’s stock. Several large investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC raised its stake in shares of First Financial Northwest by 12.8% in the first quarter. Acrospire Investment Management LLC now owns 7,214 shares of the bank’s stock valued at $127,000 after buying an additional 821 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of First Financial Northwest during the fourth quarter valued at about $208,000. Wells Fargo & Company MN increased its position in First Financial Northwest by 35.9% in the third quarter. Wells Fargo & Company MN now owns 11,350 shares of the bank’s stock valued at $161,000 after buying an additional 3,000 shares during the last quarter. Cigna Investments Inc. New purchased a new position in First Financial Northwest during the fourth quarter valued at $228,000. Finally, Trexquant Investment LP purchased a new position in First Financial Northwest during the first quarter valued at $208,000. 39.06% of the stock is owned by hedge funds and other institutional investors.
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