First Financial Northwest, Inc. (NASDAQ:FFNW) – Investment analysts at FIG Partners raised their Q2 2018 earnings estimates for First Financial Northwest in a research report issued to clients and investors on Friday, May 25th. FIG Partners analyst C. Marinac now expects that the bank will earn $0.32 per share for the quarter, up from their prior estimate of $0.27. FIG Partners currently has a “Outperform” rating on the stock. FIG Partners also issued estimates for First Financial Northwest’s Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.34 EPS, Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.33 EPS, Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.35 EPS.

Separately, Zacks Investment Research raised First Financial Northwest from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research report on Wednesday, May 2nd.

First Financial Northwest opened at $17.38 on Monday, MarketBeat reports. First Financial Northwest has a twelve month low of $13.13 and a twelve month high of $17.99. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $187.34 million, a P/E ratio of 19.53, a P/E/G ratio of 1.34 and a beta of 0.27.

First Financial Northwest (NASDAQ:FFNW) last posted its quarterly earnings data on Thursday, April 26th. The bank reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.24. First Financial Northwest had a return on equity of 9.58% and a net margin of 24.45%. The company had revenue of $11.63 million during the quarter, compared to analyst estimates of $10.85 million.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 8th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, June 7th. This is a positive change from First Financial Northwest’s previous quarterly dividend of $0.07. First Financial Northwest’s dividend payout ratio (DPR) is 31.46%.

In other First Financial Northwest news, Director Joann E. Lee sold 6,580 shares of First Financial Northwest stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $17.41, for a total value of $114,557.80. Following the completion of the sale, the director now owns 101,838 shares of the company’s stock, valued at approximately $1,772,999.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joann E. Lee sold 6,318 shares of First Financial Northwest stock in a transaction on Monday, May 21st. The stock was sold at an average price of $17.48, for a total value of $110,438.64. Following the completion of the sale, the director now directly owns 99,026 shares of the company’s stock, valued at approximately $1,730,974.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,899 shares of company stock valued at $540,014. 6.75% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its holdings in shares of First Financial Northwest by 172.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 9,936 shares of the bank’s stock worth $166,000 after purchasing an additional 6,289 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of First Financial Northwest by 46.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 15,100 shares of the bank’s stock worth $253,000 after purchasing an additional 4,800 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of First Financial Northwest by 35.9% in the 3rd quarter. Wells Fargo & Company MN now owns 16,885 shares of the bank’s stock worth $288,000 after purchasing an additional 4,463 shares in the last quarter. ClariVest Asset Management LLC increased its holdings in shares of First Financial Northwest by 33.3% in the 1st quarter. ClariVest Asset Management LLC now owns 18,132 shares of the bank’s stock worth $304,000 after purchasing an additional 4,528 shares in the last quarter. Finally, Mackay Shields LLC bought a new stake in shares of First Financial Northwest in the 1st quarter worth $356,000. 42.62% of the stock is 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.

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

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