First Financial Northwest Inc. (FFNW) Declares Quarterly Dividend of $0.06
First Financial Northwest Inc. (NASDAQ:FFNW) announced a quarterly dividend on Friday, November 18th. Shareholders of record on Thursday, December 1st will be given a dividend of 0.06 per share on Friday, December 16th. This represents a $0.24 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, November 29th.
First Financial Northwest (NASDAQ:FFNW) traded up 0.70% during midday trading on Friday, reaching $17.19. The company’s stock had a trading volume of 35,620 shares. First Financial Northwest has a 52-week low of $12.51 and a 52-week high of $17.55. The firm has a 50-day moving average price of $14.93 and a 200 day moving average price of $13.89. The stock has a market capitalization of $203.86 million, a price-to-earnings ratio of 27.29 and a beta of 0.46.
FFNW has been the subject of several recent research reports. 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 reaffirmed a “hold” rating and set a $15.00 price objective on shares of First Financial Northwest in a report on Monday, August 15th. Finally, Zacks Investment Research lowered shares of First Financial Northwest from a “hold” rating to a “sell” rating in a report on Friday, August 12th.
Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in First Financial Northwest by 10.4% in the third quarter. Bank of New York Mellon Corp now owns 61,979 shares of the company’s stock valued at $878,000 after buying an additional 5,846 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of First Financial Northwest by 10.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 74,688 shares of the company’s stock worth $1,058,000 after buying an additional 7,037 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of First Financial Northwest by 1.0% in the third quarter. California State Teachers Retirement System now owns 19,255 shares of the company’s stock worth $273,000 after buying an additional 200 shares in the last quarter. Emerald Acquisition Ltd. raised its stake in shares of First Financial Northwest by 186.8% in the third quarter. Emerald Acquisition Ltd. now owns 16,348 shares of the company’s stock worth $232,000 after buying an additional 10,648 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of First Financial Northwest during the third quarter worth $136,000. 45.01% of the stock is owned by institutional investors.
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.
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