Clear Harbor Asset Management LLC Makes New $411,000 Investment in First Financial Northwest, Inc. (NASDAQ:FFNW)

Clear Harbor Asset Management LLC purchased a new position in shares of First Financial Northwest, Inc. (NASDAQ:FFNW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,457 shares of the bank’s stock, valued at approximately $411,000. Clear Harbor Asset Management LLC owned approximately 0.21% of First Financial Northwest as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Choreo LLC lifted its position in shares of First Financial Northwest by 15.6% during the fourth quarter. Choreo LLC now owns 19,280 shares of the bank’s stock worth $260,000 after purchasing an additional 2,600 shares in the last quarter. Black Maple Capital Management LP raised its holdings in First Financial Northwest by 86.1% in the fourth quarter. Black Maple Capital Management LP now owns 97,183 shares of the bank’s stock valued at $1,310,000 after acquiring an additional 44,952 shares in the last quarter. Vanguard Group Inc. raised its holdings in First Financial Northwest by 6.2% in the first quarter. Vanguard Group Inc. now owns 368,446 shares of the bank’s stock valued at $7,575,000 after acquiring an additional 21,447 shares in the last quarter. Finally, Strategic Value Bank Partners LLC raised its holdings in First Financial Northwest by 6.4% in the fourth quarter. Strategic Value Bank Partners LLC now owns 503,567 shares of the bank’s stock valued at $6,788,000 after acquiring an additional 30,468 shares in the last quarter. Institutional investors and hedge funds own 55.00% of the company’s stock.

First Financial Northwest Stock Up 0.5 %

First Financial Northwest stock traded up $0.11 during mid-day trading on Friday, hitting $22.23. The company had a trading volume of 10,936 shares, compared to its average volume of 39,799. The stock has a market cap of $203.94 million, a price-to-earnings ratio of 67.03 and a beta of 0.54. First Financial Northwest, Inc. has a 1 year low of $10.09 and a 1 year high of $22.48. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average of $21.37 and a 200 day moving average of $20.95.

First Financial Northwest (NASDAQ:FFNW) last announced its earnings results on Thursday, July 25th. The bank reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.13. The business had revenue of $19.99 million for the quarter, compared to analyst estimates of $9.60 million. First Financial Northwest had a net margin of 3.89% and a return on equity of 1.98%. On average, sell-side analysts expect that First Financial Northwest, Inc. will post 0.27 earnings per share for the current fiscal year.

First Financial Northwest Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were given a $0.13 dividend. The ex-dividend date was Friday, June 7th. This represents a $0.52 dividend on an annualized basis and a yield of 2.34%. First Financial Northwest’s dividend payout ratio (DPR) is 157.58%.

Analysts Set New Price Targets

Several brokerages recently weighed in on FFNW. StockNews.com cut shares of First Financial Northwest from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Piper Sandler cut shares of First Financial Northwest from an “overweight” rating to a “neutral” rating and set a $23.50 target price on the stock. in a report on Friday, July 26th.

About First Financial Northwest

First Financial Northwest, Inc operates as the bank holding company for First Financial Northwest Bank that provides commercial banking services in Washington. The company offers a range of deposit products, including noninterest-bearing accounts, interest-bearing demand accounts, money market accounts, savings accounts, and certificates of deposit.