Shares of First Financial Northwest, Inc. (NASDAQ:FFNW) have been given an average broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokers have set a 1-year consensus target price of $12.00 for the company and are forecasting that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also given First Financial Northwest an industry rank of 64 out of 254 based on the ratings given to related companies.

A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of First Financial Northwest from a “hold” rating to a “sell” rating in a research note on Monday, June 22nd. ValuEngine lowered First Financial Northwest from a “hold” rating to a “sell” rating in a research report on Wednesday, April 8th.

Shares of NASDAQ FFNW opened at $8.76 on Wednesday. The company has a market cap of $89.66 million, a price-to-earnings ratio of 8.72 and a beta of 0.50. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.06. First Financial Northwest has a 12 month low of $7.90 and a 12 month high of $15.47. The stock has a 50-day moving average price of $9.29 and a two-hundred day moving average price of $11.94.

First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings results on Tuesday, April 28th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). The company had revenue of $10.65 million for the quarter, compared to the consensus estimate of $11.00 million. First Financial Northwest had a net margin of 15.80% and a return on equity of 6.54%. On average, sell-side analysts predict that First Financial Northwest will post 0.73 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend was Thursday, June 4th. First Financial Northwest’s dividend payout ratio is currently 38.83%.

In related news, Director Ralph C. Sabin purchased 4,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $9.88 per share, with a total value of $39,520.00. Following the completion of the purchase, the director now owns 3,818 shares in the company, valued at approximately $37,721.84. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard M. Riccobono acquired 5,000 shares of the stock in a transaction dated Wednesday, May 6th. The shares were bought at an average price of $9.22 per share, with a total value of $46,100.00. Following the completion of the transaction, the director now directly owns 15,916 shares of the company’s stock, valued at $146,745.52. The disclosure for this purchase can be found here. 6.87% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its position in First Financial Northwest by 48.1% during the first quarter. Wells Fargo & Company MN now owns 20,564 shares of the bank’s stock valued at $206,000 after acquiring an additional 6,678 shares during the last quarter. M3F Inc. raised its position in shares of First Financial Northwest by 29.7% in the 1st quarter. M3F Inc. now owns 121,340 shares of the bank’s stock worth $1,218,000 after acquiring an additional 27,795 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of First Financial Northwest by 5.6% in the 1st quarter. Geode Capital Management LLC now owns 99,103 shares of the bank’s stock valued at $994,000 after purchasing an additional 5,250 shares during the period. Parametric Portfolio Associates LLC bought a new stake in shares of First Financial Northwest during the 1st quarter valued at about $110,000. Finally, JPMorgan Chase & Co. boosted its position in shares of First Financial Northwest by 30.5% during the 1st quarter. JPMorgan Chase & Co. now owns 13,494 shares of the bank’s stock valued at $135,000 after purchasing an additional 3,153 shares in the last quarter. 44.13% of the stock is owned by institutional investors and hedge funds.

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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