Zacks Investment Research lowered shares of First Financial Northwest, Inc. (NASDAQ:FFNW) from a hold rating to a strong sell rating in a research note issued to investors on Monday morning.

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. “

Separately, ValuEngine cut shares of First Financial Northwest from a buy rating to a hold rating in a report on Friday, September 1st.

First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings data on Thursday, October 26th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.05). First Financial Northwest had a return on equity of 6.44% and a net margin of 18.74%. The business had revenue of $10.11 million during the quarter, compared to the consensus estimate of $10.15 million.

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The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, November 30th. First Financial Northwest’s dividend payout ratio (DPR) is 32.18%.

In other First Financial Northwest news, insider Gregg H. Deritis sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $16.03, for a total transaction of $64,120.00. Following the completion of the sale, the insider now directly owns 4,000 shares in the company, valued at $64,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph W. Kiley III sold 15,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $16.04, for a total transaction of $240,600.00. Following the sale, the insider now owns 44,250 shares of the company’s stock, valued at $709,770. The disclosure for this sale can be found here. Insiders have sold 26,219 shares of company stock valued at $421,060 over the last 90 days. Corporate insiders own 7.31% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its position in shares of First Financial Northwest by 40.9% during the second quarter. The Manufacturers Life Insurance Company now owns 8,988 shares of the bank’s stock valued at $146,000 after buying an additional 2,611 shares during the last quarter. Teachers Advisors LLC raised its position in shares of First Financial Northwest by 8.9% during the second quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock valued at $246,000 after buying an additional 1,240 shares during the last quarter. Brighton Jones LLC acquired a new position in shares of First Financial Northwest during the second quarter valued at about $270,000. Parametric Portfolio Associates LLC raised its position in shares of First Financial Northwest by 5.3% during the first quarter. Parametric Portfolio Associates LLC now owns 15,874 shares of the bank’s stock valued at $280,000 after buying an additional 804 shares during the last quarter. Finally, Cigna Investments Inc. New raised its position in shares of First Financial Northwest by 60.9% during the second quarter. Cigna Investments Inc. New now owns 18,592 shares of the bank’s stock valued at $300,000 after buying an additional 7,038 shares during the last quarter. Institutional investors own 43.88% of the company’s stock.

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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