First Financial Northwest, Inc. (NASDAQ:FFNW) insider Gregg H. Deritis sold 4,000 shares of First Financial Northwest stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $16.03, for a total transaction of $64,120.00. Following the sale, the insider now directly owns 4,000 shares of the company’s stock, valued at $64,120. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of First Financial Northwest, Inc. (NASDAQ FFNW) traded up 1.12% during midday trading on Wednesday, reaching $16.25. 10,204 shares of the company were exchanged. First Financial Northwest, Inc. has a 52-week low of $13.44 and a 52-week high of $21.29. The company has a market capitalization of $168.40 million, a PE ratio of 18.12 and a beta of 0.36. The stock’s 50-day moving average price is $16.11 and its 200-day moving average price is $16.78.

First Financial Northwest (NASDAQ:FFNW) last released its quarterly earnings results on Wednesday, July 26th. The bank reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.04). The firm had revenue of $9.73 million for the quarter, compared to analyst estimates of $9.75 million. First Financial Northwest had a net margin of 20.79% and a return on equity of 6.85%. Analysts anticipate that First Financial Northwest, Inc. will post $0.90 EPS for the current year.

First Financial Northwest declared that its board has approved a share buyback plan on Monday, May 22nd that authorizes the company to buyback 1,100,000 outstanding shares. This buyback authorization authorizes the bank to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, September 7th. First Financial Northwest’s payout ratio is 30.77%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its stake in First Financial Northwest by 11.9% during the 1st quarter. Renaissance Technologies LLC now owns 731,100 shares of the bank’s stock valued at $12,919,000 after acquiring an additional 77,693 shares during the last quarter. Vanguard Group Inc. boosted its stake in First Financial Northwest by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 350,106 shares of the bank’s stock valued at $5,647,000 after acquiring an additional 4,850 shares during the last quarter. Context BH Capital Management LP boosted its stake in First Financial Northwest by 3.5% during the 2nd quarter. Context BH Capital Management LP now owns 167,698 shares of the bank’s stock valued at $2,705,000 after acquiring an additional 5,599 shares during the last quarter. Northern Trust Corp boosted its stake in First Financial Northwest by 2.1% during the 2nd quarter. Northern Trust Corp now owns 94,063 shares of the bank’s stock valued at $1,518,000 after acquiring an additional 1,893 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in First Financial Northwest by 17.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 84,439 shares of the bank’s stock valued at $1,362,000 after acquiring an additional 12,461 shares during the last quarter. Hedge funds and other institutional investors own 44.39% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of First Financial Northwest from a “hold” rating to a “strong sell” rating in a research report on Friday, July 28th. ValuEngine cut shares of First Financial Northwest from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.

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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