Dimensional Fund Advisors LP Has $15,078,000 Stake in First Financial Northwest, Inc. (FFNW)
Dimensional Fund Advisors LP maintained its stake in First Financial Northwest, Inc. (NASDAQ:FFNW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 934,781 shares of the bank’s stock at the close of the 2nd quarter. Dimensional Fund Advisors LP owned about 9.02% of First Financial Northwest worth $15,078,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in FFNW. Teachers Advisors LLC increased its holdings in First Financial Northwest by 8.9% in the 2nd quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock valued at $246,000 after acquiring an additional 1,240 shares during the last quarter. Brighton Jones LLC bought a new stake in First Financial Northwest in the 2nd quarter valued at $270,000. Parametric Portfolio Associates LLC increased its holdings in First Financial Northwest by 5.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 15,874 shares of the bank’s stock valued at $280,000 after acquiring an additional 804 shares during the last quarter. Cigna Investments Inc. New increased its holdings in First Financial Northwest by 60.9% in the 2nd quarter. Cigna Investments Inc. New now owns 18,592 shares of the bank’s stock valued at $300,000 after acquiring an additional 7,038 shares during the last quarter. Finally, Menta Capital LLC grew its stake in shares of First Financial Northwest by 26.6% in the 2nd quarter. Menta Capital LLC now owns 18,830 shares of the bank’s stock worth $304,000 after buying an additional 3,954 shares in the last quarter. Institutional investors own 44.78% of the company’s stock.
FFNW has been the subject of a number of recent research reports. Zacks Investment Research raised shares of First Financial Northwest from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. ValuEngine cut shares of First Financial Northwest from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.
In other First Financial Northwest news, insider Joseph W. Kiley III sold 15,000 shares of First Financial Northwest stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $16.04, for a total value of $240,600.00. Following the completion of the transaction, the insider now directly owns 44,250 shares of the company’s stock, valued at approximately $709,770. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the transaction, the insider now directly owns 4,000 shares of the company’s stock, valued at $64,120. The disclosure for this sale can be found here. Insiders sold a total of 19,600 shares of company stock valued at $314,362 over the last three months. Corporate insiders own 7.31% of the company’s stock.
First Financial Northwest, Inc. (NASDAQ FFNW) opened at $16.04 on Monday. First Financial Northwest, Inc. has a 52 week low of $14.83 and a 52 week high of $21.29. The company has a market cap of $172.62, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.99 and a beta of 0.33. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.36.
First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings data on Thursday, October 26th. The bank reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). First Financial Northwest had a return on equity of 6.45% and a net margin of 18.74%. The business had revenue of $10.11 million during the quarter, compared to analysts’ expectations of $10.15 million. sell-side analysts anticipate that First Financial Northwest, Inc. will post 0.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.07 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.75%. First Financial Northwest’s payout ratio is currently 32.18%.
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First Financial Northwest 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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