Equities analysts forecast that First Financial Northwest, Inc. (NASDAQ:FFNW) will post $10.85 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for First Financial Northwest’s earnings, with the highest sales estimate coming in at $10.90 million and the lowest estimate coming in at $10.80 million. First Financial Northwest posted sales of $9.40 million in the same quarter last year, which suggests a positive year-over-year growth rate of 15.4%. The business is expected to announce its next quarterly earnings results on Thursday, April 26th.
According to Zacks, analysts expect that First Financial Northwest will report full year sales of $10.85 million for the current fiscal year, with estimates ranging from $44.90 million to $45.10 million. For the next year, analysts expect that the company will report sales of $48.93 million per share, with estimates ranging from $48.40 million to $49.46 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow First Financial Northwest.
First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.08. First Financial Northwest had a return on equity of 6.53% and a net margin of 17.01%. The firm had revenue of $10.60 million during the quarter, compared to analyst estimates of $10.60 million.
Shares of NASDAQ FFNW opened at $15.81 on Monday. First Financial Northwest has a fifty-two week low of $13.13 and a fifty-two week high of $17.91. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.51. The company has a market cap of $169.93, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 1.41 and a beta of 0.27.
The company also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.28 annualized dividend and a dividend yield of 1.77%. First Financial Northwest’s payout ratio is 31.46%.
Institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in shares of First Financial Northwest by 40.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,988 shares of the bank’s stock worth $146,000 after acquiring an additional 2,611 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of First Financial Northwest in the 3rd quarter worth approximately $181,000. Wells Fargo & Company MN grew its position 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 acquiring an additional 4,463 shares in the last quarter. Glacier Peak Capital LLC grew its position in shares of First Financial Northwest by 59.3% in the 4th quarter. Glacier Peak Capital LLC now owns 35,561 shares of the bank’s stock worth $604,000 after acquiring an additional 13,244 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of First Financial Northwest by 12.5% in the 4th quarter. Bank of New York Mellon Corp now owns 84,025 shares of the bank’s stock worth $1,303,000 after acquiring an additional 9,348 shares in the last quarter. Institutional investors own 42.37% 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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