First Financial Northwest, Inc. (NASDAQ:FFNW) Receives $23.00 Consensus Price Target from Brokerages

Shares of First Financial Northwest, Inc. (NASDAQ:FFNW - Get Free Report) have been assigned an average rating of "Hold" from the three analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $23.00.

Several analysts have recently commented on the company. Keefe, Bruyette & Woods raised their target price on First Financial Northwest from $15.00 to $23.50 and gave the stock a "market perform" rating in a research report on Friday, January 26th. Piper Sandler increased their price objective on First Financial Northwest from $14.00 to $23.50 and gave the stock an "overweight" rating in a report on Friday, January 12th. DA Davidson lowered First Financial Northwest from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $16.00 to $22.00 in a report on Friday, January 12th. Finally, StockNews.com assumed coverage on First Financial Northwest in a report on Friday, February 2nd. They set a "sell" rating for the company.

First Financial Northwest Stock Down 0.1 %

Shares of First Financial Northwest stock traded down $0.03 during midday trading on Wednesday, hitting $20.37. The company's stock had a trading volume of 34,605 shares, compared to its average volume of 31,397. The firm has a market capitalization of $186.79 million, a P/E ratio of 29.96 and a beta of 0.54. The stock has a 50-day simple moving average of $20.64 and a 200-day simple moving average of $16.29. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.77. First Financial Northwest has a 1-year low of $9.70 and a 1-year high of $22.17.

First Financial Northwest (NASDAQ:FFNW - Get Free Report) last issued its earnings results on Thursday, January 25th. The bank reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The business had revenue of $9.91 million during the quarter, compared to analyst estimates of $10.26 million. First Financial Northwest had a return on equity of 3.95% and a net margin of 7.79%. As a group, sell-side analysts expect that First Financial Northwest will post 0.41 earnings per share for the current year.

First Financial Northwest Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.52 annualized dividend and a yield of 2.55%. First Financial Northwest's dividend payout ratio (DPR) is currently 76.47%.

Hedge Funds Weigh In On First Financial Northwest

Institutional investors have recently bought and sold shares of the stock. UBS Group AG raised its holdings in First Financial Northwest by 213.0% during the second quarter. UBS Group AG now owns 1,800 shares of the bank's stock valued at $27,000 after buying an additional 1,225 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of First Financial Northwest in the fourth quarter valued at about $117,000. Royal Bank of Canada grew its position in shares of First Financial Northwest by 13.6% in the third quarter. Royal Bank of Canada now owns 10,000 shares of the bank's stock valued at $148,000 after purchasing an additional 1,200 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of First Financial Northwest in the first quarter valued at about $234,000. Finally, Choreo LLC grew its position in shares of First Financial Northwest by 15.6% in the fourth quarter. Choreo LLC now owns 19,280 shares of the bank's stock valued at $260,000 after purchasing an additional 2,600 shares during the last quarter. 55.00% of the stock is currently owned by institutional investors.

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.