First Financial Northwest (FFNW) Raised to “Outperform” at FIG Partners
FIG Partners upgraded shares of First Financial Northwest (NASDAQ:FFNW) from a market perform rating to an outperform rating in a report released on Monday morning, MarketBeat Ratings reports.
A number of other equities research analysts have also weighed in on FFNW. Zacks Investment Research lowered shares of First Financial Northwest from a hold rating to a strong sell rating in a report on Monday, October 30th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $19.00 target price on shares of First Financial Northwest in a research note on Friday, December 22nd.
Shares of First Financial Northwest (FFNW) opened at $15.02 on Monday. The firm has a market cap of $161.01, a P/E ratio of 16.83, a PEG ratio of 1.35 and a beta of 0.28. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.36. First Financial Northwest has a 1-year low of $13.13 and a 1-year high of $20.97.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, March 8th. First Financial Northwest’s payout ratio is 34.57%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its stake in shares of First Financial Northwest by 40.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,988 shares of the bank’s stock worth $146,000 after buying an additional 2,611 shares during the period. SG Americas Securities LLC purchased a new position in shares of First Financial Northwest in the third quarter worth $181,000. Alpine Woods Capital Investors LLC purchased a new position in shares of First Financial Northwest in the third quarter worth $204,000. Teachers Advisors LLC increased its stake in shares of First Financial Northwest by 8.9% in the second quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock worth $246,000 after buying an additional 1,240 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of First Financial Northwest by 35.9% in the third quarter. Wells Fargo & Company MN now owns 16,885 shares of the bank’s stock worth $288,000 after buying an additional 4,463 shares during the period. 42.59% of the stock is currently owned by institutional investors.
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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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