FIG Partners Research Analysts Lift Earnings Estimates for First Financial Northwest, Inc. (FFNW)
First Financial Northwest, Inc. (NASDAQ:FFNW) – FIG Partners raised their FY2018 earnings per share estimates for shares of First Financial Northwest in a research note issued to investors on Monday. FIG Partners analyst C. Marinac now expects that the bank will post earnings of $1.10 per share for the year, up from their previous forecast of $1.07. FIG Partners currently has a “Outperform” rating on the stock. FIG Partners also issued estimates for First Financial Northwest’s Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.32 EPS, Q4 2019 earnings at $0.33 EPS and FY2019 earnings at $1.23 EPS.
First Financial Northwest (NASDAQ:FFNW) last released its earnings results on Thursday, January 25th. The bank reported $0.31 EPS for the quarter, topping the consensus estimate of $0.23 by $0.08. First Financial Northwest had a return on equity of 6.54% and a net margin of 17.01%. The business had revenue of $10.60 million during the quarter, compared to analysts’ expectations of $10.60 million.
First Financial Northwest (FFNW) traded up $0.04 during midday trading on Tuesday, reaching $15.02. The company had a trading volume of 12,100 shares, compared to its average volume of 13,968. First Financial Northwest has a fifty-two week low of $13.13 and a fifty-two week high of $20.97. The firm has a market capitalization of $161.01, a PE ratio of 16.83, a P/E/G ratio of 1.35 and a beta of 0.28. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.36.
A number of institutional investors have recently made changes to their positions in FFNW. The Manufacturers Life Insurance Company grew its stake in First Financial Northwest by 40.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,988 shares of the bank’s stock valued at $146,000 after acquiring an additional 2,611 shares during the period. SG Americas Securities LLC acquired a new stake in First Financial Northwest in the third quarter valued at approximately $181,000. Alpine Woods Capital Investors LLC acquired a new stake in First Financial Northwest in the third quarter valued at approximately $204,000. Teachers Advisors LLC grew its stake in First Financial Northwest by 8.9% in the second quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock valued at $246,000 after acquiring an additional 1,240 shares during the period. Finally, Wells Fargo & Company MN grew its stake in First Financial Northwest by 35.9% in the third quarter. Wells Fargo & Company MN now owns 16,885 shares of the bank’s stock valued at $288,000 after acquiring an additional 4,463 shares during the period. 42.59% of the stock is owned by hedge funds and other institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.28 dividend on an annualized basis and a yield of 1.86%. First Financial Northwest’s dividend payout ratio (DPR) is presently 34.57%.
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First Financial Northwest Company 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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