Analysts forecast that First Financial Northwest, Inc. (NASDAQ:FFNW) will announce sales of $11.25 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for First Financial Northwest’s earnings, with the highest sales estimate coming in at $11.30 million and the lowest estimate coming in at $11.20 million. First Financial Northwest posted sales of $10.69 million during the same quarter last year, which would indicate a positive year over year growth rate of 5.2%. The business is expected to announce its next quarterly earnings results on Thursday, October 22nd.
On average, analysts expect that First Financial Northwest will report full-year sales of $44.65 million for the current financial year, with estimates ranging from $44.60 million to $44.70 million. For the next year, analysts anticipate that the firm will report sales of $46.20 million, with estimates ranging from $45.00 million to $47.40 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover First Financial Northwest.
First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings data on Tuesday, July 28th. The bank reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.07. The business had revenue of $10.86 million during the quarter, compared to the consensus estimate of $10.80 million. First Financial Northwest had a return on equity of 5.79% and a net margin of 14.18%.
Several analysts have issued reports on the stock. ValuEngine downgraded shares of First Financial Northwest from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Zacks Investment Research upgraded shares of First Financial Northwest from a “sell” rating to a “hold” rating in a report on Tuesday, August 4th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of First Financial Northwest by 0.9% in the first quarter. BlackRock Inc. now owns 930,801 shares of the bank’s stock valued at $9,345,000 after buying an additional 8,724 shares during the period. Fourthstone LLC acquired a new position in First Financial Northwest in the second quarter worth about $2,548,000. M3F Inc. raised its position in First Financial Northwest by 76.8% in the second quarter. M3F Inc. now owns 214,486 shares of the bank’s stock worth $2,078,000 after purchasing an additional 93,146 shares in the last quarter. Bridgeway Capital Management Inc. raised its position in First Financial Northwest by 12.4% in the second quarter. Bridgeway Capital Management Inc. now owns 119,752 shares of the bank’s stock worth $1,160,000 after purchasing an additional 13,170 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in First Financial Northwest by 5.6% in the first quarter. Geode Capital Management LLC now owns 99,103 shares of the bank’s stock worth $994,000 after purchasing an additional 5,250 shares in the last quarter. Institutional investors and hedge funds own 43.30% of the company’s stock.
Shares of NASDAQ FFNW traded up $0.08 during trading on Thursday, hitting $9.80. The company had a trading volume of 20,049 shares, compared to its average volume of 19,610. The company has a market cap of $98.35 million, a P/E ratio of 10.89 and a beta of 0.51. First Financial Northwest has a 52 week low of $7.90 and a 52 week high of $15.47. The business’s 50-day moving average is $9.17 and its 200 day moving average is $9.95. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.08 and a current ratio of 1.08.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Thursday, September 3rd. First Financial Northwest’s payout ratio 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.
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