First Financial Northwest, Inc. (FFNW) Shares Bought by Menta Capital LLC
Menta Capital LLC lifted its position in First Financial Northwest, Inc. (NASDAQ:FFNW) by 26.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,830 shares of the bank’s stock after purchasing an additional 3,954 shares during the quarter. Menta Capital LLC owned approximately 0.18% of First Financial Northwest worth $304,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. grew its stake in First Financial Northwest by 1.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,635 shares of the bank’s stock worth $188,000 after buying an additional 112 shares during the last quarter. Trexquant Investment LP acquired a new position in First Financial Northwest during the first quarter worth approximately $208,000. ClariVest Asset Management LLC acquired a new position in First Financial Northwest during the first quarter worth approximately $231,000. Teachers Advisors LLC increased its position in First Financial Northwest by 8.9% during the second quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock worth $246,000 after buying an additional 1,240 shares during the period. Finally, Brighton Jones LLC acquired a new position in First Financial Northwest during the second quarter worth approximately $270,000. 44.39% of the stock is owned by hedge funds and other institutional investors.
In other First Financial Northwest news, insider Joseph W. Kiley III sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $16.04, for a total value of $240,600.00. Following the sale, the insider now owns 44,250 shares in the company, valued at $709,770. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joann E. Lee sold 6,619 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $16.12, for a total transaction of $106,698.28. Following the completion of the sale, the director now owns 95,604 shares in the company, valued at approximately $1,541,136.48. The disclosure for this sale can be found here. Insiders have sold a total of 26,219 shares of company stock valued at $421,060 over the last three months. 7.31% of the stock is currently owned by company insiders.
Shares of First Financial Northwest, Inc. (NASDAQ:FFNW) opened at 17.47 on Wednesday. The stock has a market cap of $181.04 million, a P/E ratio of 19.48 and a beta of 0.36. First Financial Northwest, Inc. has a 52-week low of $14.07 and a 52-week high of $21.29. The company has a 50-day moving average of $16.30 and a 200 day moving average of $16.42.
First Financial Northwest (NASDAQ:FFNW) last released its quarterly earnings data on Wednesday, July 26th. The bank reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.04). The firm had revenue of $9.73 million during the quarter, compared to analyst estimates of $9.75 million. First Financial Northwest had a return on equity of 6.85% and a net margin of 20.79%. Equities research analysts forecast that First Financial Northwest, Inc. will post $0.90 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Thursday, September 7th. First Financial Northwest’s payout ratio is 30.77%.
A number of equities research analysts have weighed in on FFNW shares. Zacks Investment Research cut First Financial Northwest from a “hold” rating to a “strong sell” rating in a research note on Friday, July 28th. ValuEngine downgraded First Financial Northwest from a “buy” rating to a “hold” rating in a report on Friday, September 1st.
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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