Schwab Charles Investment Management Inc. continued to hold its stake in shares of First Financial Northwest, Inc. (NASDAQ:FFNW) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,300 shares of the bank’s stock at the close of the 2nd quarter. Schwab Charles Investment Management Inc. owned 0.10% of First Financial Northwest worth $167,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Algert Global LLC raised its holdings in shares of First Financial Northwest by 0.5% in the second quarter. Algert Global LLC now owns 21,947 shares of the bank’s stock valued at $354,000 after buying an additional 100 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of First Financial Northwest by 5.3% in the first quarter. Parametric Portfolio Associates LLC now owns 15,874 shares of the bank’s stock valued at $280,000 after buying an additional 804 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of First Financial Northwest by 3.9% in the first quarter. Geode Capital Management LLC now owns 62,518 shares of the bank’s stock valued at $1,104,000 after buying an additional 2,350 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of First Financial Northwest by 3.7% in the first quarter. Bank of New York Mellon Corp now owns 71,978 shares of the bank’s stock valued at $1,272,000 after buying an additional 2,562 shares during the last quarter. Finally, Cigna Investments Inc. New raised its holdings in shares of First Financial Northwest by 60.9% in the second quarter. Cigna Investments Inc. New now owns 18,592 shares of the bank’s stock valued at $300,000 after buying an additional 7,038 shares during the last quarter. 44.78% of the stock is owned by institutional investors and hedge funds.

In other news, insider Gregg H. Deritis sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $16.03, for a total value of $64,120.00. Following the completion of the sale, the insider now directly owns 4,000 shares of the company’s stock, valued at approximately $64,120. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph W. Kiley III sold 15,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $16.04, for a total value of $240,600.00. Following the completion of the sale, the insider now directly owns 44,250 shares of the company’s stock, valued at $709,770. The disclosure for this sale can be found here. Insiders have sold a total of 19,600 shares of company stock valued at $314,362 over the last three months. Company insiders own 7.31% of the company’s stock.

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Shares of First Financial Northwest, Inc. (NASDAQ FFNW) opened at $16.10 on Tuesday. The firm has a market capitalization of $172.62, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.99 and a beta of 0.33. First Financial Northwest, Inc. has a twelve month low of $14.83 and a twelve month high of $21.29. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.36.

First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings data on Thursday, October 26th. The bank reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.05). The firm had revenue of $10.11 million for the quarter, compared to the consensus estimate of $10.15 million. First Financial Northwest had a return on equity of 6.45% and a net margin of 18.74%. equities analysts anticipate that First Financial Northwest, Inc. will post 0.81 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.28 annualized dividend and a yield of 1.74%. First Financial Northwest’s dividend payout ratio is currently 32.18%.

A number of research firms recently issued reports on FFNW. Zacks Investment Research cut First Financial Northwest from a “hold” rating to a “strong sell” rating in a report on Friday, July 28th. ValuEngine cut First Financial Northwest from a “buy” rating to a “hold” rating in a report on Friday, September 1st.

First Financial Northwest Profile

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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Institutional Ownership by Quarter for First Financial Northwest (NASDAQ:FFNW)

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