FIG Partners Comments on First Financial Northwest, Inc.’s Q1 2018 Earnings (FFNW)

First Financial Northwest, Inc. (NASDAQ:FFNW) – Stock analysts at FIG Partners issued their Q1 2018 earnings per share estimates for shares of First Financial Northwest in a report released on Monday. FIG Partners analyst C. Marinac anticipates that the bank will earn $0.25 per share for the quarter. FIG Partners has a “Outperform” rating on the stock. FIG Partners also issued estimates for First Financial Northwest’s Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.29 EPS and Q4 2018 earnings at $0.29 EPS.

First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.08. First Financial Northwest had a return on equity of 6.54% and a net margin of 17.01%. The business had revenue of $10.60 million during the quarter, compared to the consensus estimate of $10.60 million.

A number of other brokerages also recently commented on FFNW. Keefe, Bruyette & Woods restated a “hold” rating and set a $19.00 price objective on shares of First Financial Northwest in a research note on Friday, December 22nd. Zacks Investment Research downgraded First Financial Northwest from a “hold” rating to a “strong sell” rating in a research note on Monday, October 30th.

Shares of First Financial Northwest (FFNW) opened at $16.34 on Wednesday. First Financial Northwest has a twelve month low of $13.13 and a twelve month high of $20.97. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $168.86, a P/E ratio of 17.65, a PEG ratio of 1.40 and a beta of 0.28.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, March 8th. This represents a $0.28 dividend on an annualized basis and a yield of 1.71%. First Financial Northwest’s payout ratio is currently 34.57%.

A number of institutional investors and hedge funds have recently modified their holdings of FFNW. The Manufacturers Life Insurance Company grew its stake in First Financial Northwest by 40.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,988 shares of the bank’s stock worth $146,000 after buying an additional 2,611 shares during the last quarter. SG Americas Securities LLC bought a new position in First Financial Northwest during the 3rd quarter worth $181,000. Alpine Woods Capital Investors LLC bought a new position in First Financial Northwest during the 3rd quarter worth $204,000. Teachers Advisors LLC grew its stake in First Financial Northwest by 8.9% during the 2nd quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock worth $246,000 after buying an additional 1,240 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in First Financial Northwest by 35.9% during the 3rd quarter. Wells Fargo & Company MN now owns 16,885 shares of the bank’s stock worth $288,000 after buying an additional 4,463 shares during the last quarter. Hedge funds and other institutional investors own 42.59% of the company’s stock.

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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.

Earnings History and Estimates for First Financial Northwest (NASDAQ:FFNW)

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