Zacks Investment Research upgraded shares of First Financial Northwest Inc. (NASDAQ:FFNW) from a sell rating to a buy rating in a research report sent to investors on Tuesday. Zacks Investment Research currently has $16.00 price objective on the stock.
According to Zacks, “FIRST FINANCIAL NORTHWEST, INC. is a Washington corporation headquartered in Renton, Washington. It is the parent company of First Savings Bank Northwest; a Washington chartered stock savings bank that was originally organized in 1923. The Company serves the Puget Sound Region of Washington that includes King, Snohomish and Pierce Counties, through its full-service banking office. The Company is part of the America’s Community Bankers NASDAQ Index. “
A number of other equities analysts have also commented on FFNW. DA Davidson reissued a neutral rating and set a $15.00 price target on shares of First Financial Northwest in a research note on Sunday, July 17th. Sandler O’Neill began coverage on First Financial Northwest in a research note on Wednesday, September 14th. They set a buy rating for the company.
First Financial Northwest (NASDAQ:FFNW) opened at 14.24 on Tuesday. First Financial Northwest has a 52 week low of $12.48 and a 52 week high of $14.63. The company has a market cap of $176.43 million, a P/E ratio of 23.65 and a beta of 0.38. The firm has a 50-day moving average price of $13.91 and a 200 day moving average price of $13.58.
First Financial Northwest (NASDAQ:FFNW) last released its quarterly earnings data on Friday, July 22nd. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.04. First Financial Northwest had a return on equity of 4.58% and a net margin of 19.42%. Analysts expect that First Financial Northwest will post $0.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Wednesday, September 7th. First Financial Northwest’s payout ratio is presently 40.68%.
An institutional investor recently raised its position in First Financial Northwest stock. Creative Planning boosted its position in shares of First Financial Northwest Inc. (NASDAQ:FFNW) by 29.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,131 shares of the company’s stock after buying an additional 3,000 shares during the period. Creative Planning owned approximately 0.11% of First Financial Northwest worth $186,000 as of its most recent SEC filing. 44.62% of the stock is currently owned by hedge funds and other institutional investors.
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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