First Financial Northwest Inc. (FFNW) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of First Financial Northwest Inc. (NASDAQ:FFNW) from a sell rating to a buy rating in a research note released on Tuesday morning. 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. “
Other research analysts have also recently issued research reports about the stock. Sandler O’Neill initiated coverage on shares of First Financial Northwest in a report on Wednesday, September 14th. They issued a buy rating for the company. DA Davidson reiterated a hold rating and set a $15.00 price target on shares of First Financial Northwest in a report on Monday, August 15th.
First Financial Northwest (NASDAQ:FFNW) traded up 0.28% on Tuesday, hitting $14.49. 9,798 shares of the company’s stock were exchanged. First Financial Northwest has a 12-month low of $12.43 and a 12-month high of $14.63. The company’s 50-day moving average price is $13.84 and its 200-day moving average price is $13.56. The company has a market cap of $179.53 million, a PE ratio of 24.07 and a beta of 0.38.
First Financial Northwest (NASDAQ:FFNW) last announced 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 net margin of 19.42% and a return on equity of 4.58%. Analysts forecast that First Financial Northwest will post $0.61 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Wednesday, September 7th. First Financial Northwest’s dividend payout ratio (DPR) is presently 40.68%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for First Financial Northwest Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Northwest Inc. and related companies with MarketBeat.com's FREE daily email newsletter.