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

First Financial Northwest, Inc. (NASDAQ:FFNW) has received a consensus rating of “Hold” from the three ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $23.00.

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

Institutional Investors Weigh In On First Financial Northwest

A number of hedge funds and other institutional investors have recently bought and sold shares of FFNW. Vanguard Group Inc. raised its position in First Financial Northwest by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 347,649 shares of the bank’s stock valued at $5,948,000 after buying an additional 4,255 shares during the last quarter. UBS Group AG raised its position in First Financial Northwest by 213.0% in the 2nd 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 during the last quarter. State Street Corp raised its position in First Financial Northwest by 20.5% in the 2nd quarter. State Street Corp now owns 28,815 shares of the bank’s stock valued at $448,000 after buying an additional 4,900 shares during the last quarter. Royal Bank of Canada raised its position in First Financial Northwest by 13.6% in the 3rd quarter. Royal Bank of Canada now owns 10,000 shares of the bank’s stock valued at $148,000 after buying an additional 1,200 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in First Financial Northwest by 45.4% in the 3rd quarter. Alliancebernstein L.P. now owns 212,598 shares of the bank’s stock valued at $3,155,000 after buying an additional 66,427 shares during the last quarter. Institutional investors and hedge funds own 55.00% of the company’s stock.

First Financial Northwest Trading Up 0.1 %

NASDAQ:FFNW opened at $20.36 on Wednesday. First Financial Northwest has a 1-year low of $9.70 and a 1-year high of $22.17. The business’s 50-day moving average price is $20.62 and its two-hundred day moving average price is $16.40. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $186.70 million, a price-to-earnings ratio of 29.94 and a beta of 0.54.

First Financial Northwest (NASDAQ:FFNW) last released its earnings results on Thursday, January 25th. The bank reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). First Financial Northwest had a net margin of 7.79% and a return on equity of 3.95%. The company had revenue of $9.91 million during the quarter, compared to analyst estimates of $10.26 million. On average, equities analysts expect that First Financial Northwest will post 0.41 earnings per share for the current year.

First Financial Northwest Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Thursday, March 14th. First Financial Northwest’s dividend payout ratio is currently 76.47%.

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.