First Financial Northwest, Inc. (NASDAQ:FFNW) Given Consensus Rating of “Hold” by Brokerages

First Financial Northwest, Inc. (NASDAQ:FFNW) has earned a consensus recommendation of “Hold” from the three analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $23.00.

A number of research analysts have recently weighed in on the company. DA Davidson lowered First Financial Northwest from a “buy” rating to a “neutral” rating and raised their price objective for the company from $16.00 to $22.00 in a research report on Friday, January 12th. Piper Sandler raised their price objective on First Financial Northwest from $14.00 to $23.50 and gave the company an “overweight” rating in a research report on Friday, January 12th. StockNews.com assumed coverage on First Financial Northwest in a research report on Friday, February 2nd. They set a “sell” rating for the company. Finally, Keefe, Bruyette & Woods raised their price objective on First Financial Northwest from $15.00 to $23.50 and gave the company a “market perform” rating in a research report on Friday, January 26th.

First Financial Northwest Trading Down 0.2 %

Shares of FFNW stock opened at $20.40 on Wednesday. First Financial Northwest has a 52-week low of $9.70 and a 52-week high of $22.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $187.07 million, a PE ratio of 30.00 and a beta of 0.54. The stock has a fifty day simple moving average of $20.64 and a two-hundred day simple moving average of $16.29.

First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). First Financial Northwest had a return on equity of 3.95% and a net margin of 7.79%. The business had revenue of $9.91 million during the quarter, compared to analysts’ expectations of $10.26 million. On average, analysts predict that First Financial Northwest will post 0.41 EPS for the current fiscal year.

First Financial Northwest Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Thursday, March 14th. First Financial Northwest’s payout ratio is 76.47%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FFNW. Vanguard Group Inc. lifted its holdings in shares of First Financial Northwest by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 347,649 shares of the bank’s stock valued at $5,948,000 after acquiring an additional 4,255 shares during the last quarter. UBS Group AG lifted its stake in First Financial Northwest by 213.0% in the second quarter. UBS Group AG now owns 1,800 shares of the bank’s stock worth $27,000 after purchasing an additional 1,225 shares during the last quarter. State Street Corp lifted its stake in First Financial Northwest by 20.5% in the second quarter. State Street Corp now owns 28,815 shares of the bank’s stock worth $448,000 after purchasing an additional 4,900 shares during the last quarter. Royal Bank of Canada lifted its stake in First Financial Northwest by 13.6% in the third quarter. Royal Bank of Canada now owns 10,000 shares of the bank’s stock worth $148,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in First Financial Northwest by 45.4% in the third quarter. Alliancebernstein L.P. now owns 212,598 shares of the bank’s stock worth $3,155,000 after purchasing an additional 66,427 shares during the last quarter. Institutional investors own 55.00% of the company’s stock.

First Financial Northwest Company Profile

First Financial Northwest, Inc operates as the bank 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 accounts, savings accounts, and certificates of deposit.