First Financial Northwest, Inc. Expected to Earn FY2024 Earnings of $0.22 Per Share (NASDAQ:FFNW)

First Financial Northwest, Inc. (NASDAQ:FFNW) – Analysts at DA Davidson boosted their FY2024 EPS estimates for shares of First Financial Northwest in a research report issued on Thursday, October 3rd. DA Davidson analyst J. Rulis now forecasts that the bank will earn $0.22 per share for the year, up from their prior estimate of $0.20. The consensus estimate for First Financial Northwest’s current full-year earnings is $0.27 per share.

First Financial Northwest (NASDAQ:FFNW) last released its quarterly earnings results on Thursday, July 25th. The bank reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.13. The firm had revenue of $19.99 million for the quarter, compared to analysts’ expectations of $9.60 million. First Financial Northwest had a net margin of 3.89% and a return on equity of 1.98%.

FFNW has been the subject of several other research reports. Piper Sandler lowered First Financial Northwest from an “overweight” rating to a “neutral” rating and set a $23.50 price objective for the company. in a report on Friday, July 26th. StockNews.com lowered shares of First Financial Northwest from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th.

First Financial Northwest Price Performance

First Financial Northwest stock opened at $22.64 on Monday. The business has a 50-day simple moving average of $22.21 and a 200 day simple moving average of $21.40. First Financial Northwest has a 52 week low of $10.09 and a 52 week high of $22.88. The stock has a market cap of $207.70 million, a price-to-earnings ratio of 68.61 and a beta of 0.53. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.10.

Institutional Trading of First Financial Northwest

A number of hedge funds have recently bought and sold shares of FFNW. Black Maple Capital Management LP raised its stake in shares of First Financial Northwest by 86.1% during the fourth quarter. Black Maple Capital Management LP now owns 97,183 shares of the bank’s stock worth $1,310,000 after acquiring an additional 44,952 shares in the last quarter. Vanguard Group Inc. raised its position in First Financial Northwest by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 368,446 shares of the bank’s stock worth $7,575,000 after purchasing an additional 21,447 shares during the period. Bank of New York Mellon Corp raised its position in First Financial Northwest by 45.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 63,223 shares of the bank’s stock worth $1,336,000 after purchasing an additional 19,670 shares during the period. Clear Harbor Asset Management LLC bought a new stake in First Financial Northwest in the second quarter worth $411,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in First Financial Northwest during the second quarter valued at about $403,000. Institutional investors own 55.00% of the company’s stock.

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.