Janney Montgomery Scott upgraded shares of First Financial Northwest (NASDAQ:FFNW) from a neutral rating to a buy rating in a research report report published on Thursday, Benzinga reports.

Several other equities research analysts have also recently issued reports on FFNW. Zacks Investment Research cut shares of First Merchants from a hold rating to a sell rating in a research report on Monday, July 1st. ValuEngine upgraded shares of WPP from a sell rating to a hold rating in a research report on Wednesday, June 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. First Financial Northwest currently has an average rating of Hold and an average price target of $19.00.

NASDAQ FFNW opened at $14.39 on Thursday. The company has a market cap of $149.30 million, a PE ratio of 14.84, a price-to-earnings-growth ratio of 2.16 and a beta of 0.23. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.13 and a current ratio of 1.13. First Financial Northwest has a 12 month low of $13.26 and a 12 month high of $20.50. The business’s 50 day moving average price is $14.41.

First Financial Northwest (NASDAQ:FFNW) last released its quarterly earnings data on Thursday, April 25th. The bank reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). The company had revenue of $10.55 million for the quarter, compared to the consensus estimate of $11.28 million. First Financial Northwest had a net margin of 16.87% and a return on equity of 6.53%. Sell-side analysts predict that First Financial Northwest will post 0.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.36 annualized dividend and a dividend yield of 2.50%. This is a boost from First Financial Northwest’s previous quarterly dividend of $0.08. First Financial Northwest’s dividend payout ratio (DPR) is presently 25.17%.

In other First Financial Northwest news, Director Kevin D. Padrick purchased 6,489 shares of First Financial Northwest stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average price of $15.05 per share, for a total transaction of $97,659.45. Following the completion of the transaction, the director now owns 52,231 shares of the company’s stock, valued at approximately $786,076.55. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kevin D. Padrick purchased 17,540 shares of First Financial Northwest stock in a transaction that occurred on Wednesday, June 12th. The stock was acquired at an average price of $15.05 per share, for a total transaction of $263,977.00. Following the transaction, the director now directly owns 66,934 shares of the company’s stock, valued at approximately $1,007,356.70. The disclosure for this purchase can be found here. Company insiders own 6.87% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC increased its position in First Financial Northwest by 7.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 18,259 shares of the bank’s stock worth $288,000 after purchasing an additional 1,234 shares during the last quarter. Acadian Asset Management LLC increased its position in First Financial Northwest by 23.3% in the first quarter. Acadian Asset Management LLC now owns 60,308 shares of the bank’s stock worth $949,000 after purchasing an additional 11,400 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in First Financial Northwest by 732.4% in the first quarter. BNP Paribas Arbitrage SA now owns 1,748 shares of the bank’s stock worth $28,000 after purchasing an additional 1,538 shares during the last quarter. Geode Capital Management LLC increased its position in First Financial Northwest by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 83,040 shares of the bank’s stock worth $1,284,000 after purchasing an additional 3,501 shares during the last quarter. Finally, Northern Trust Corp increased its position in First Financial Northwest by 3.0% in the fourth quarter. Northern Trust Corp now owns 98,452 shares of the bank’s stock worth $1,523,000 after purchasing an additional 2,871 shares during the last quarter. Institutional investors own 45.41% of the company’s stock.

First Financial Northwest Company Profile

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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