First Financial Northwest, Inc. (NASDAQ:FFNW) Expected to Announce Quarterly Sales of $11.80 Million


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Brokerages expect that First Financial Northwest, Inc. (NASDAQ:FFNW) will announce sales of $11.80 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for First Financial Northwest’s earnings. The lowest sales estimate is $11.59 million and the highest is $12.00 million. First Financial Northwest posted sales of $10.65 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.8%. The company is expected to announce its next quarterly earnings report on Tuesday, April 27th.

According to Zacks, analysts expect that First Financial Northwest will report full-year sales of $46.91 million for the current financial year, with estimates ranging from $46.01 million to $47.80 million. For the next year, analysts expect that the firm will report sales of $48.01 million, with estimates ranging from $47.12 million to $48.90 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for First Financial Northwest.

First Financial Northwest (NASDAQ:FFNW) last announced its earnings results on Thursday, January 28th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.07. The business had revenue of $12.30 million for the quarter, compared to analysts’ expectations of $11.07 million. First Financial Northwest had a return on equity of 5.52% and a net margin of 13.85%.

A number of research analysts have recently weighed in on the company. Zacks Investment Research raised First Financial Northwest from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Monday, March 15th. TheStreet raised First Financial Northwest from a “c+” rating to a “b-” rating in a research report on Wednesday, March 17th. Finally, DA Davidson raised First Financial Northwest from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 23rd.

NASDAQ:FFNW traded down $0.19 on Monday, hitting $13.87. The stock had a trading volume of 9,436 shares, compared to its average volume of 13,861. The stock has a market cap of $133.93 million, a price-to-earnings ratio of 16.13 and a beta of 0.57. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.78. The business’s 50-day simple moving average is $13.82 and its two-hundred day simple moving average is $11.73. First Financial Northwest has a 52-week low of $7.90 and a 52-week high of $15.05.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Stockholders of record on Friday, March 12th were given a dividend of $0.11 per share. This is a boost from First Financial Northwest’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Thursday, March 11th. First Financial Northwest’s payout ratio is presently 42.72%.

A number of institutional investors and hedge funds have recently modified their holdings of FFNW. O Shaughnessy Asset Management LLC raised its stake in First Financial Northwest by 17,340.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,104 shares of the bank’s stock valued at $56,000 after purchasing an additional 6,069 shares during the period. RSM US Wealth Management LLC bought a new stake in First Financial Northwest during the 4th quarter valued at approximately $143,000. Brandywine Global Investment Management LLC raised its stake in First Financial Northwest by 43.0% during the 4th quarter. Brandywine Global Investment Management LLC now owns 123,446 shares of the bank’s stock valued at $1,407,000 after purchasing an additional 37,149 shares during the period. Finally, Renaissance Technologies LLC raised its stake in First Financial Northwest by 1.3% during the 4th quarter. Renaissance Technologies LLC now owns 692,155 shares of the bank’s stock valued at $7,891,000 after purchasing an additional 8,814 shares during the period. 43.18% of the stock is currently owned by institutional investors.

About First Financial Northwest

First Financial Northwest, Inc is a bank holding company, which engages in attracting deposits from the general public and provides lending services. Through its subsidiary, First Savings Bank Northwest, it offers commercial banking services, dynamic savings, stored savings, loaned savings, commercial savings, checking accounts, and money market accounts.

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

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