Analysts Expect First Financial Northwest, Inc. (FFNW) Will Announce Earnings of $0.26 Per Share

Wall Street analysts expect First Financial Northwest, Inc. (NASDAQ:FFNW) to post earnings of $0.26 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for First Financial Northwest’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.27. First Financial Northwest posted earnings of $0.22 per share in the same quarter last year, which suggests a positive year over year growth rate of 18.2%. The company is scheduled to announce its next quarterly earnings results on Thursday, April 26th.

According to Zacks, analysts expect that First Financial Northwest will report full year earnings of $1.13 per share for the current year, with EPS estimates ranging from $1.10 to $1.15. For the next financial year, analysts expect that the business will report earnings of $1.27 per share, with EPS estimates ranging from $1.23 to $1.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow First Financial Northwest.

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First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.08. The business had revenue of $10.60 million for the quarter, compared to analysts’ expectations of $10.60 million. First Financial Northwest had a return on equity of 6.53% and a net margin of 17.01%.

Several brokerages have recently issued reports on FFNW. Zacks Investment Research upgraded First Financial Northwest from a “sell” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Monday, January 8th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $18.00 target price on shares of First Financial Northwest in a report on Friday, January 26th. Finally, FIG Partners raised First Financial Northwest from a “market perform” rating to an “outperform” rating in a report on Monday, February 12th.

Shares of NASDAQ FFNW traded down $0.19 during mid-day trading on Friday, hitting $15.81. The company had a trading volume of 15,266 shares, compared to its average volume of 21,455. The stock has a market cap of $171.98, a P/E ratio of 17.76, a PEG ratio of 1.42 and a beta of 0.27. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.51. First Financial Northwest has a 1-year low of $13.13 and a 1-year high of $17.91.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Thursday, March 8th. First Financial Northwest’s dividend payout ratio (DPR) is presently 31.46%.

A number of large investors have recently bought and sold shares of FFNW. The Manufacturers Life Insurance Company increased its holdings in 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 valued at $146,000 after buying an additional 2,611 shares during the last quarter. SG Americas Securities LLC purchased a new position in First Financial Northwest in the third quarter valued at $181,000. Wells Fargo & Company MN increased its holdings in First Financial Northwest by 35.9% in the third quarter. Wells Fargo & Company MN now owns 16,885 shares of the bank’s stock valued at $288,000 after buying an additional 4,463 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in First Financial Northwest by 12.5% in the fourth quarter. Bank of New York Mellon Corp now owns 84,025 shares of the bank’s stock valued at $1,303,000 after buying an additional 9,348 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in First Financial Northwest by 2.1% in the fourth quarter. BlackRock Inc. now owns 474,103 shares of the bank’s stock valued at $7,353,000 after buying an additional 9,929 shares during the last quarter. 42.37% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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