Wall Street analysts forecast that First Financial Northwest, Inc. (NASDAQ:FFNW) will announce sales of $12.45 million for the current quarter, Zacks reports. Two analysts have provided estimates for First Financial Northwest’s earnings, with the highest sales estimate coming in at $12.60 million and the lowest estimate coming in at $12.30 million. First Financial Northwest posted sales of $12.30 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.2%. The company is expected to report its next quarterly earnings results on Thursday, January 27th.
According to Zacks, analysts expect that First Financial Northwest will report full-year sales of $48.39 million for the current financial year, with estimates ranging from $48.20 million to $48.58 million. For the next year, analysts forecast that the firm will post sales of $49.29 million, with estimates ranging from $48.10 million to $50.47 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover First Financial Northwest.
First Financial Northwest (NASDAQ:FFNW) last posted its quarterly earnings results on Thursday, October 28th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The firm had revenue of $12.39 million during the quarter, compared to analysts’ expectations of $11.96 million. First Financial Northwest had a return on equity of 7.62% and a net margin of 20.69%.
First Financial Northwest stock traded up $0.11 during trading hours on Thursday, hitting $16.97. The stock had a trading volume of 3,393 shares, compared to its average volume of 13,070. The company’s 50-day simple moving average is $16.60. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $158.69 million, a P/E ratio of 13.26 and a beta of 0.56. First Financial Northwest has a fifty-two week low of $10.61 and a fifty-two week high of $17.25.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 17th. Shareholders of record on Friday, December 3rd will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, December 2nd. This represents a $0.44 annualized dividend and a yield of 2.59%. First Financial Northwest’s dividend payout ratio (DPR) is 34.38%.
Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC raised its holdings in shares of First Financial Northwest by 245.0% in the 3rd quarter. Barclays PLC now owns 2,332 shares of the bank’s stock worth $38,000 after buying an additional 1,656 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of First Financial Northwest in the 2nd quarter worth approximately $162,000. Morgan Stanley raised its holdings in shares of First Financial Northwest by 55.2% in the 1st quarter. Morgan Stanley now owns 11,231 shares of the bank’s stock worth $160,000 after buying an additional 3,994 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in First Financial Northwest during the 1st quarter worth approximately $162,000. Finally, Stifel Financial Corp bought a new stake in First Financial Northwest during the 1st quarter worth approximately $235,000. 41.63% of the stock is owned by institutional investors and hedge funds.
About First Financial Northwest
First Financial Northwest, Inc is a bank holding company, which engages in attracting deposits from the general public and provides lending services. Through its subsidiary, First Savings Bank Northwest, it offers commercial banking services, dynamic savings, stored savings, loaned savings, commercial savings, checking accounts, and money market accounts.
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