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, statement savings accounts, and certificates of deposit. Its loan products comprise one-to-four family residential loans; multifamily and commercial real estate loans; construction/land loans for the construction of single-family residences, condominiums, townhouses, multifamily properties, and residential developments; business loans; and consumer loans, such as home equity loans and savings account loans. The company also provides wealth management services; and online banking platform, as well as debit cards and ATMs. As of December 31, 2021, it operated seven retail branches in King County, five retail branches in Snohomish County, and two retail branches in Pierce County, Washington. First Financial Northwest, Inc. was founded in 1923 and is headquartered in Renton, Washington.
First Financial Northwest Price Performance
FFNW traded up $0.19 on Wednesday, reaching $15.64. 3,778 shares of the company's stock were exchanged, compared to its average volume of 6,769. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $142.39 million, a PE ratio of 12.03 and a beta of 0.45. The stock's fifty day moving average price is $15.71 and its 200-day moving average price is $16.47. First Financial Northwest has a twelve month low of $14.62 and a twelve month high of $17.95.
First Financial Northwest (NASDAQ:FFNW - Get Rating) last announced its earnings results on Thursday, July 28th. The bank reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. First Financial Northwest had a net margin of 21.04% and a return on equity of 7.55%. The firm had revenue of $12.79 million for the quarter, compared to the consensus estimate of $12.38 million. Sell-side analysts expect that First Financial Northwest will post 1.31 EPS for the current year.
First Financial Northwest Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 2nd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Thursday, September 1st. First Financial Northwest's dividend payout ratio is currently 36.92%.
Insiders Place Their Bets
In other news, CFO Richard P. Jacobson sold 2,481 shares of the stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $16.60, for a total value of $41,184.60. Following the completion of the transaction, the chief financial officer now owns 29,756 shares in the company, valued at approximately $493,949.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.00% of the stock is owned by insiders.