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

First Financial Northwest, Inc. (NASDAQ:FFNW) – Equities researchers at DA Davidson issued their Q2 2024 earnings estimates for First Financial Northwest in a note issued to investors on Thursday, May 2nd. DA Davidson analyst J. Rulis anticipates that the bank will post earnings per share of $0.03 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.

FFNW has been the subject of several other research reports. StockNews.com started coverage on shares of First Financial Northwest in a research note on Friday, February 2nd. They issued a “sell” rating for the company. Keefe, Bruyette & Woods upped their target price on 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. Finally, Piper Sandler lifted their price target on First Financial Northwest from $14.00 to $23.50 and gave the stock an “overweight” rating in a research report on Friday, January 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.00.

First Financial Northwest Trading Up 0.4 %

NASDAQ FFNW opened at $20.40 on Friday. First Financial Northwest has a 12 month low of $9.70 and a 12 month high of $22.17. The company has a market capitalization of $187.07 million, a price-to-earnings ratio of 61.82 and a beta of 0.53. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.01 and a quick ratio of 1.01. The firm’s fifty day moving average price is $20.53 and its 200 day moving average price is $17.00.

First Financial Northwest Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.52 annualized dividend and a dividend yield of 2.55%. First Financial Northwest’s dividend payout ratio (DPR) is 157.58%.

Hedge Funds Weigh In On First Financial Northwest

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Strategic Value Bank Partners LLC lifted its position in First Financial Northwest by 6.4% during the 4th quarter. Strategic Value Bank Partners LLC now owns 503,567 shares of the bank’s stock worth $6,788,000 after acquiring an additional 30,468 shares during the period. Black Maple Capital Management LP increased its holdings in shares of First Financial Northwest by 86.1% in the fourth 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 period. Brandywine Global Investment Management LLC raised its stake in shares of First Financial Northwest by 2.1% during the third quarter. Brandywine Global Investment Management LLC now owns 94,407 shares of the bank’s stock worth $1,201,000 after purchasing an additional 1,900 shares during the last quarter. Kennedy Capital Management LLC acquired a new stake in shares of First Financial Northwest during the third quarter worth $324,000. Finally, Choreo LLC grew its position in First Financial Northwest by 15.6% in the 4th 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. Hedge funds and other institutional investors own 55.00% of the company’s stock.

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.