First Financial Northwest, Inc. Forecasted to Earn Q2 2024 Earnings of $0.03 Per Share (NASDAQ:FFNW)

First Financial Northwest, Inc. (NASDAQ:FFNW - Free Report) - Stock analysts at DA Davidson issued their Q2 2024 earnings estimates for shares of First Financial Northwest in a research report issued to clients and investors on Thursday, May 2nd. DA Davidson analyst J. Rulis forecasts that the bank will post earnings of $0.03 per share for the quarter. DA Davidson has a "Neutral" rating and a $22.00 price objective on the stock. The consensus estimate for First Financial Northwest's current full-year earnings is $0.41 per share.

A number of other equities research analysts also recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of First Financial Northwest from $15.00 to $23.50 and gave the company a "market perform" rating in a research report on Friday, January 26th. Piper Sandler upped their target price on shares of First Financial Northwest from $14.00 to $23.50 and gave the stock an "overweight" rating in a report on Friday, January 12th. Finally, StockNews.com assumed coverage on First Financial Northwest in a research note on Friday, February 2nd. They issued a "sell" rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $23.00.

First Financial Northwest Stock Performance

Shares of FFNW stock traded up $0.09 during mid-day trading on Friday, reaching $20.40. 22,536 shares of the company's stock traded hands, compared to its average volume of 32,376. First Financial Northwest has a 12 month low of $9.70 and a 12 month high of $22.17. The firm has a 50 day moving average price of $20.54 and a two-hundred day moving average price of $16.91. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $187.07 million, a PE ratio of 61.82 and a beta of 0.53.

Institutional Investors Weigh In On First Financial Northwest

Several institutional investors have recently modified their holdings of FFNW. Black Maple Capital Management LP grew its holdings in First Financial Northwest by 86.1% during the 4th quarter. Black Maple Capital Management LP now owns 97,183 shares of the bank's stock valued at $1,310,000 after purchasing an additional 44,952 shares during the last quarter. Strategic Value Bank Partners LLC boosted its position in shares of First Financial Northwest by 6.4% during the fourth quarter. Strategic Value Bank Partners LLC now owns 503,567 shares of the bank's stock valued at $6,788,000 after buying an additional 30,468 shares during the period. Choreo LLC grew its stake 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 valued at $260,000 after buying an additional 2,600 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of First Financial Northwest in the fourth quarter worth approximately $117,000. Finally, Kennedy Capital Management LLC purchased a new position in First Financial Northwest during the 3rd quarter valued at $324,000. 55.00% of the stock is owned by institutional investors.

First Financial Northwest Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a yield of 2.55%. First Financial Northwest's dividend payout ratio (DPR) is presently 157.58%.

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.