Brokerages Set First Financial Northwest, Inc. (NASDAQ:FFNW) Target Price at $23.00

First Financial Northwest, Inc. (NASDAQ:FFNW) has earned an average rating of “Hold” from the three analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $23.00.

Several equities analysts have commented on the stock. Piper Sandler lifted their target price on shares of First Financial Northwest from $14.00 to $23.50 and gave the stock an “overweight” rating in a research report on Friday, January 12th. Keefe, Bruyette & Woods raised their price target on shares of First Financial Northwest from $15.00 to $23.50 and gave the stock a “market perform” rating in a research note on Friday, January 26th. DA Davidson lowered shares of First Financial Northwest from a “buy” rating to a “neutral” rating and raised their price target for the stock from $16.00 to $22.00 in a research note on Friday, January 12th. Finally, StockNews.com began coverage on shares of First Financial Northwest in a research note on Friday, February 2nd. They set a “sell” rating for the company.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. UBS Group AG grew its stake in First Financial Northwest by 213.0% in the 2nd quarter. UBS Group AG now owns 1,800 shares of the bank’s stock valued at $27,000 after buying an additional 1,225 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in First Financial Northwest in the 4th quarter valued at approximately $117,000. Royal Bank of Canada grew its stake in First Financial Northwest by 13.6% in the 3rd quarter. Royal Bank of Canada now owns 10,000 shares of the bank’s stock valued at $148,000 after buying an additional 1,200 shares in the last quarter. Susquehanna International Group LLP purchased a new position in First Financial Northwest in the 1st quarter valued at approximately $234,000. Finally, Choreo LLC grew its stake in First Financial Northwest by 15.6% in the 4th quarter. Choreo LLC now owns 19,280 shares of the bank’s stock valued at $260,000 after buying an additional 2,600 shares in the last quarter. 55.00% of the stock is currently owned by hedge funds and other institutional investors.

First Financial Northwest Price Performance

First Financial Northwest stock opened at $20.61 on Friday. First Financial Northwest has a 52 week low of $9.70 and a 52 week high of $22.17. The company’s 50 day moving average price is $20.74 and its two-hundred day moving average price is $15.50. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.77. The stock has a market cap of $188.99 million, a P/E ratio of 30.31 and a beta of 0.54.

First Financial Northwest (NASDAQ:FFNW) last posted its earnings results on Thursday, January 25th. The bank reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). First Financial Northwest had a return on equity of 3.95% and a net margin of 7.79%. The firm had revenue of $9.91 million for the quarter, compared to the consensus estimate of $10.26 million. On average, equities analysts predict that First Financial Northwest will post 0.41 earnings per share for the current year.

First Financial Northwest Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.52 annualized dividend and a dividend yield of 2.52%. First Financial Northwest’s payout ratio is currently 76.47%.

About First Financial Northwest

First Financial Northwest, Inc operates as the bank holding company for First Financial Northwest Bank that provides commercial banking services in Washington. The company offers a range of deposit products, including noninterest bearing accounts, interest-bearing demand accounts, money market accounts, statement savings accounts, and certificates of deposit.