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.

First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.08. The firm had revenue of $10.60 million during the quarter, compared to analyst estimates of $10.60 million. First Financial Northwest had a net margin of 17.01% and a return on equity of 6.54%. research analysts predict that First Financial Northwest will post 1.11 earnings per share for the current year.

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.

WARNING: This story was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at https://theolympiareport.com/2018/02/13/first-financial-northwest-ffnw-raised-to-outperform-at-fig-partners.html.

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.

Receive News & Ratings for First Financial Northwest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Northwest and related companies with MarketBeat.com's FREE daily email newsletter.