First Financial Northwest Inc. (NASDAQ:FFNW) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $16.00 price objective on the stock. Zacks Investment Research’s target price points to a potential upside of 10.73% from the stock’s previous close.

According to Zacks, “FIRST FINANCIAL NORTHWEST, INC. is a Washington corporation headquartered in Renton, Washington. It is the parent company of First Savings Bank Northwest; a Washington chartered stock savings bank that was originally organized in 1923. The Company serves the Puget Sound Region of Washington that includes King, Snohomish and Pierce Counties, through its full-service banking office. The Company is part of the America’s Community Bankers NASDAQ Index. “

Several other research analysts have also issued reports on FFNW. Sandler O’Neill initiated coverage on shares of First Financial Northwest in a research report on Wednesday, September 14th. They issued a “buy” rating for the company. DA Davidson reiterated a “hold” rating and issued a $15.00 target price on shares of First Financial Northwest in a research report on Monday, August 15th.

First Financial Northwest (NASDAQ:FFNW) traded down 0.21% on Tuesday, hitting $14.45. The stock had a trading volume of 29,822 shares. The stock’s 50-day moving average is $13.81 and its 200-day moving average is $13.56. First Financial Northwest has a 52-week low of $12.43 and a 52-week high of $14.63. The company has a market cap of $179.04 million, a P/E ratio of 24.00 and a beta of 0.38.

First Financial Northwest (NASDAQ:FFNW) last released its quarterly earnings results on Friday, July 22nd. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.04. First Financial Northwest had a return on equity of 4.58% and a net margin of 19.42%. Analysts expect that First Financial Northwest will post $0.61 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were given a $0.06 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $0.24 annualized dividend and a yield of 1.66%. First Financial Northwest’s dividend payout ratio (DPR) is presently 40.68%.

About First Financial Northwest

First Financial Northwest, Inc (First Financial Northwest) is a holding company for First Financial Northwest Bank (the Bank). The Bank primarily serves the greater Puget Sound region of King and to a lesser extent, Pierce, Snohomish and Kitsap Counties, Washington through its full-service banking office located in Renton, Washington and branch office in Mill Creek, Washington.

5 Day Chart for NASDAQ:FFNW

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