First Financial Northwest (NASDAQ:FFNW) Stock Passes Below 200-Day Moving Average of $15.41

Shares of First Financial Northwest, Inc. (NASDAQ:FFNW) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.41 and traded as low as $13.90. First Financial Northwest shares last traded at $13.90, with a volume of 100 shares changing hands.

Several research firms have commented on FFNW. ValuEngine raised shares of First Financial Northwest from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered shares of First Financial Northwest from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Finally, Janney Montgomery Scott raised shares of First Financial Northwest from a “neutral” rating to a “buy” rating in a research report on Thursday, July 18th.

The stock has a market capitalization of $142.92 million, a PE ratio of 9.76, a price-to-earnings-growth ratio of 2.01 and a beta of 0.22. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average is $14.32 and its 200 day moving average is $15.41.

First Financial Northwest (NASDAQ:FFNW) last announced its quarterly earnings data on Thursday, July 25th. The bank reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.11. The firm had revenue of $10.59 million during the quarter, compared to analyst estimates of $11.04 million. First Financial Northwest had a net margin of 16.78% and a return on equity of 6.65%. Sell-side analysts forecast that First Financial Northwest, Inc. will post 0.98 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, September 5th. First Financial Northwest’s payout ratio is currently 25.17%.

In other First Financial Northwest news, Director Kevin D. Padrick purchased 17,540 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were bought at an average price of $15.05 per share, for a total transaction of $263,977.00. Following the acquisition, the director now owns 66,934 shares in the company, valued at $1,007,356.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kevin D. Padrick purchased 6,489 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was acquired at an average price of $15.05 per share, for a total transaction of $97,659.45. Following the acquisition, the director now owns 52,231 shares in the company, valued at approximately $786,076.55. The disclosure for this purchase can be found here. Company insiders own 6.87% of the company’s stock.

A number of large investors have recently modified their holdings of FFNW. BNP Paribas Arbitrage SA increased its holdings in First Financial Northwest by 732.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,748 shares of the bank’s stock worth $28,000 after buying an additional 1,538 shares during the period. Aperio Group LLC acquired a new position in First Financial Northwest in the 2nd quarter worth approximately $57,000. O Shaughnessy Asset Management LLC increased its holdings in First Financial Northwest by 7.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 18,259 shares of the bank’s stock worth $288,000 after buying an additional 1,234 shares during the period. Acadian Asset Management LLC increased its holdings in First Financial Northwest by 6.4% in the 2nd quarter. Acadian Asset Management LLC now owns 64,142 shares of the bank’s stock worth $907,000 after buying an additional 3,834 shares during the period. Finally, Geode Capital Management LLC increased its holdings in First Financial Northwest by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 83,040 shares of the bank’s stock worth $1,284,000 after buying an additional 3,501 shares during the period. Institutional investors own 45.38% of the company’s stock.

About First Financial Northwest (NASDAQ:FFNW)

First Financial Northwest, Inc operates as the 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 deposit accounts, statement savings accounts, and certificates of deposit.

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