Analysts expect that First Financial Northwest, Inc. (NASDAQ:FFNW) will announce $0.17 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for First Financial Northwest’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.15. First Financial Northwest posted earnings per share of $0.33 in the same quarter last year, which would indicate a negative year over year growth rate of 48.5%. The company is scheduled to issue its next quarterly earnings report on Thursday, July 23rd.
According to Zacks, analysts expect that First Financial Northwest will report full-year earnings of $0.73 per share for the current year, with EPS estimates ranging from $0.71 to $0.75. For the next financial year, analysts expect that the business will post earnings of $0.77 per share, with EPS estimates ranging from $0.74 to $0.80. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow First Financial Northwest.
First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings results on Tuesday, April 28th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The firm had revenue of $10.65 million during the quarter, compared to the consensus estimate of $11.00 million. First Financial Northwest had a return on equity of 6.54% and a net margin of 15.80%.
Shares of FFNW traded up $0.09 during trading hours on Wednesday, reaching $9.69. 42,500 shares of the company traded hands, compared to its average volume of 30,094. First Financial Northwest has a 12 month low of $7.90 and a 12 month high of $15.47. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.06. The company’s fifty day moving average price is $9.28 and its two-hundred day moving average price is $11.80. The company has a market capitalization of $97.70 million, a price-to-earnings ratio of 9.59 and a beta of 0.50.
The company also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Thursday, June 4th. First Financial Northwest’s dividend payout ratio is currently 38.83%.
In related news, Director Ralph C. Sabin acquired 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $9.88 per share, with a total value of $39,520.00. Following the transaction, the director now directly owns 3,818 shares of the company’s stock, valued at approximately $37,721.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard M. Riccobono acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was bought at an average cost of $9.22 per share, with a total value of $46,100.00. Following the completion of the transaction, the director now directly owns 15,916 shares in the company, valued at $146,745.52. The disclosure for this purchase can be found here. Company insiders own 6.53% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN raised its position in First Financial Northwest by 48.1% during the 1st quarter. Wells Fargo & Company MN now owns 20,564 shares of the bank’s stock worth $206,000 after buying an additional 6,678 shares during the last quarter. M3F Inc. increased its holdings in shares of First Financial Northwest by 29.7% during the 1st quarter. M3F Inc. now owns 121,340 shares of the bank’s stock valued at $1,218,000 after purchasing an additional 27,795 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of First Financial Northwest by 5.6% during the 1st quarter. Geode Capital Management LLC now owns 99,103 shares of the bank’s stock valued at $994,000 after purchasing an additional 5,250 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new position in shares of First Financial Northwest during the 1st quarter valued at approximately $110,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of First Financial Northwest by 30.5% during the 1st quarter. JPMorgan Chase & Co. now owns 13,494 shares of the bank’s stock valued at $135,000 after purchasing an additional 3,153 shares in the last quarter. 44.13% of the stock is owned by institutional investors.
About First Financial Northwest
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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