Equities research analysts expect that First Financial Northwest, Inc. (NASDAQ:FFNW) will post $10.60 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for First Financial Northwest’s earnings, with the highest sales estimate coming in at $10.60 million and the lowest estimate coming in at $10.59 million. First Financial Northwest posted sales of $10.09 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.1%. The company is expected to announce its next earnings results on Thursday, January 25th.
According to Zacks, analysts expect that First Financial Northwest will report full year sales of $10.60 million for the current financial year, with estimates ranging from $37.83 million to $39.70 million. For the next year, analysts expect that the business will report sales of $43.19 million per share, with estimates ranging from $42.78 million to $43.60 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for First Financial Northwest.
First Financial Northwest (NASDAQ:FFNW) last posted its earnings results on Thursday, October 26th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.05). The business had revenue of $10.11 million during the quarter, compared to analyst estimates of $10.15 million. First Financial Northwest had a net margin of 18.74% and a return on equity of 6.45%.
First Financial Northwest (FFNW) traded up $0.01 during midday trading on Monday, reaching $15.77. 12,900 shares of the company’s stock were exchanged, compared to its average volume of 29,681. First Financial Northwest has a 1 year low of $14.83 and a 1 year high of $21.29. The firm has a market capitalization of $169.72, a PE ratio of 18.13, a PEG ratio of 1.96 and a beta of 0.32. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.17 and a quick ratio of 1.17.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Thursday, November 30th. First Financial Northwest’s dividend payout ratio (DPR) is currently 32.18%.
In other news, insider Joseph W. Kiley III sold 15,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $16.04, for a total value of $240,600.00. Following the sale, the insider now owns 44,250 shares in the company, valued at approximately $709,770. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gregg H. Deritis sold 4,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $16.03, for a total transaction of $64,120.00. Following the completion of the sale, the insider now owns 4,000 shares in the company, valued at approximately $64,120. The disclosure for this sale can be found here. Insiders own 7.31% of the company’s stock.
Several large investors have recently modified their holdings of FFNW. The Manufacturers Life Insurance Company boosted its stake in shares of First Financial Northwest by 40.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,988 shares of the bank’s stock valued at $146,000 after purchasing an additional 2,611 shares in the last quarter. SG Americas Securities LLC acquired a new position in First Financial Northwest during the 3rd quarter worth about $181,000. Alpine Woods Capital Investors LLC acquired a new position in First Financial Northwest during the 3rd quarter worth about $204,000. Teachers Advisors LLC lifted its position in First Financial Northwest by 8.9% during the 2nd quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock worth $246,000 after buying an additional 1,240 shares in the last quarter. Finally, Brighton Jones LLC acquired a new position in First Financial Northwest during the 2nd quarter worth about $270,000. Institutional investors own 42.49% of the company’s stock.
About First Financial Northwest
First Financial Northwest, Inc (First Financial Northwest) is a holding company for First Financial Northwest Bank (the Bank). The Bank primarily serves the greater Puget Sound region of King and to a lesser extent, Pierce, Snohomish and Kitsap Counties, Washington through its full-service banking office located in Renton, Washington and branch office in Mill Creek, Washington.
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