First Financial Northwest, Inc. (FFNW) Expected to Announce Earnings of $0.28 Per Share

Analysts predict that First Financial Northwest, Inc. (NASDAQ:FFNW) will report $0.28 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for First Financial Northwest’s earnings. The lowest EPS estimate is $0.27 and the highest is $0.29. First Financial Northwest reported earnings of $0.18 per share in the same quarter last year, which suggests a positive year over year growth rate of 55.6%. The firm is expected to issue its next quarterly earnings report on Thursday, October 25th.

According to Zacks, analysts expect that First Financial Northwest will report full-year earnings of $1.52 per share for the current year, with EPS estimates ranging from $1.50 to $1.54. For the next fiscal year, analysts expect that the firm will report earnings of $1.21 per share, with EPS estimates ranging from $1.20 to $1.22. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for First Financial Northwest.

First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings data on Friday, July 27th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. First Financial Northwest had a return on equity of 10.27% and a net margin of 25.72%. The company had revenue of $10.79 million for the quarter, compared to analysts’ expectations of $11.35 million.

FFNW has been the topic of several research analyst reports. Zacks Investment Research cut First Financial Northwest from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $19.00 target price on shares of First Financial Northwest in a research report on Friday, July 27th. Finally, FIG Partners cut First Financial Northwest from an “outperform” rating to a “hold” rating in a research report on Friday, July 27th.

NASDAQ:FFNW traded down $0.03 during midday trading on Monday, hitting $17.37. The stock had a trading volume of 12,000 shares, compared to its average volume of 30,201. First Financial Northwest has a one year low of $13.13 and a one year high of $21.82. The stock has a market cap of $189.92 million, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 1.14 and a beta of 0.14. The company has a quick ratio of 1.18, a current ratio of 1.22 and a debt-to-equity ratio of 1.47.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, September 6th. This represents a $0.32 annualized dividend and a yield of 1.84%. First Financial Northwest’s dividend payout ratio (DPR) is presently 35.96%.

In other First Financial Northwest news, Director Joann E. Lee sold 18,001 shares of the stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $17.50, for a total transaction of $315,017.50. Following the sale, the director now owns 106,104 shares of the company’s stock, valued at approximately $1,856,820. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joann E. Lee sold 6,318 shares of the stock in a transaction on Monday, May 21st. The shares were sold at an average price of $17.48, for a total value of $110,438.64. Following the sale, the director now directly owns 99,026 shares in the company, valued at approximately $1,730,974.48. The disclosure for this sale can be found here. Insiders have sold a total of 99,580 shares of company stock worth $1,768,861 in the last ninety days. Insiders own 6.75% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its position in First Financial Northwest by 172.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 9,936 shares of the bank’s stock valued at $166,000 after acquiring an additional 6,289 shares in the last quarter. Hartford Investment Management Co. bought a new stake in First Financial Northwest during the 2nd quarter valued at $223,000. Schwab Charles Investment Management Inc. boosted its position in First Financial Northwest by 46.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 15,100 shares of the bank’s stock valued at $253,000 after acquiring an additional 4,800 shares in the last quarter. ClariVest Asset Management LLC boosted its position in First Financial Northwest by 33.3% during the 1st quarter. ClariVest Asset Management LLC now owns 18,132 shares of the bank’s stock valued at $304,000 after acquiring an additional 4,528 shares in the last quarter. Finally, Mackay Shields LLC bought a new stake in First Financial Northwest during the 1st quarter valued at $356,000. 42.42% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for First Financial Northwest (NASDAQ:FFNW)

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