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.
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%.
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.
ILLEGAL ACTIVITY WARNING: This story was first reported by Ticker Report and is the property of of Ticker Report. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/3338389/analysts-expect-first-financial-northwest-inc-ffnw-will-announce-earnings-of-0-26-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.