Parametric Portfolio Associates LLC Sells 5,737 Shares of First Financial Northwest, Inc. (FFNW)
Parametric Portfolio Associates LLC lowered its position in First Financial Northwest, Inc. (NASDAQ:FFNW) by 36.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,137 shares of the bank’s stock after selling 5,737 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.10% of First Financial Northwest worth $164,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Teachers Advisors LLC lifted its stake in First Financial Northwest by 8.9% in the second quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock worth $246,000 after acquiring an additional 1,240 shares during the last quarter. Brighton Jones LLC purchased a new position in First Financial Northwest in the second quarter worth approximately $270,000. Cigna Investments Inc. New lifted its stake in First Financial Northwest by 60.9% in the second quarter. Cigna Investments Inc. New now owns 18,592 shares of the bank’s stock worth $300,000 after acquiring an additional 7,038 shares during the last quarter. Menta Capital LLC lifted its stake in First Financial Northwest by 26.6% in the second quarter. Menta Capital LLC now owns 18,830 shares of the bank’s stock worth $304,000 after acquiring an additional 3,954 shares during the last quarter. Finally, Algert Global LLC lifted its stake in First Financial Northwest by 0.5% in the second quarter. Algert Global LLC now owns 21,947 shares of the bank’s stock worth $354,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.
FFNW has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of First Financial Northwest from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. ValuEngine downgraded shares of First Financial Northwest from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.
First Financial Northwest, Inc. (FFNW) opened at $16.73 on Friday. First Financial Northwest, Inc. has a 12 month low of $14.83 and a 12 month high of $21.29. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.36. The stock has a market cap of $182.42, a P/E ratio of 19.48, a P/E/G ratio of 2.11 and a beta of 0.32.
First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings results on Thursday, October 26th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The firm had revenue of $10.11 million during the quarter, compared to analysts’ expectations of $10.15 million. First Financial Northwest had a return on equity of 6.45% and a net margin of 18.74%. equities research analysts forecast that First Financial Northwest, Inc. will post 0.81 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.67%. First Financial Northwest’s dividend payout ratio is presently 32.18%.
In other news, insider Gregg H. Deritis sold 4,000 shares of the business’s stock in a transaction that occurred on 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 owns 4,000 shares in the company, valued at approximately $64,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph W. Kiley III sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was 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 approximately $709,770. The disclosure for this sale can be found here. Insiders have sold a total of 19,600 shares of company stock valued at $314,362 in the last 90 days. Insiders own 7.31% 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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