Zacks: Brokerages Anticipate First Financial Northwest Inc. (FFNW) Will Post Earnings of $0.17 Per Share
Analysts expect that First Financial Northwest Inc. (NASDAQ:FFNW) will announce $0.17 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for First Financial Northwest’s earnings. First Financial Northwest reported earnings per share of $0.18 in the same quarter last year, which suggests a negative year-over-year growth rate of 5.6%. The company is scheduled to report its next earnings report on Wednesday, October 26th.
On average, analysts expect that First Financial Northwest will report full year earnings of $0.00 per share for the current financial year. For the next financial year, analysts anticipate that the company will post earnings of $0.00 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow First Financial Northwest.
First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings results on Friday, July 22nd. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.04. First Financial Northwest had a net margin of 19.42% and a return on equity of 4.58%.
Several research analysts have recently commented on the company. Zacks Investment Research raised First Financial Northwest from a “sell” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Tuesday. DA Davidson reissued a “neutral” rating and issued a $15.00 target price on shares of First Financial Northwest in a report on Sunday, July 17th. Finally, Sandler O’Neill assumed coverage on First Financial Northwest in a report on Wednesday, September 14th. They issued a “buy” rating on the stock.
A hedge fund recently raised its stake in First Financial Northwest stock. Creative Planning boosted its stake in First Financial Northwest Inc. (NASDAQ:FFNW) by 29.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter. 44.68% of the stock is owned by institutional investors and hedge funds.
Shares of First Financial Northwest (NASDAQ:FFNW) traded down 0.63% during trading on Friday, hitting $14.28. The company had a trading volume of 7,744 shares. The stock has a market cap of $176.93 million, a PE ratio of 23.72 and a beta of 0.38. The firm has a 50 day moving average of $13.89 and a 200 day moving average of $13.57. First Financial Northwest has a 12-month low of $12.48 and a 12-month high of $14.63.
The company also recently disclosed 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 1.67%. The ex-dividend date was Wednesday, September 7th. First Financial Northwest’s dividend payout ratio is 40.68%.
About First Financial Northwest
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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