DA Davidson Comments on First Financial Northwest, Inc.’s Q2 2024 Earnings (NASDAQ:FFNW)

First Financial Northwest, Inc. (NASDAQ:FFNW) – Equities researchers at DA Davidson issued their Q2 2024 EPS estimates for shares of First Financial Northwest in a report issued on Thursday, May 2nd. DA Davidson analyst J. Rulis expects that the bank will earn $0.03 per share 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.

A number of other equities research analysts have also commented on 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. StockNews.com assumed coverage on shares of First Financial Northwest in a research report on Friday, February 2nd. They set a “sell” rating for the company. Finally, Piper Sandler increased 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $23.00.

First Financial Northwest Stock Performance

Shares of FFNW opened at $20.40 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a 50-day moving average of $20.54 and a two-hundred day moving average of $16.91. The stock has a market cap of $187.07 million, a P/E ratio of 61.82 and a beta of 0.53. First Financial Northwest has a one year low of $9.70 and a one year high of $22.17.

Institutional Trading of First Financial Northwest

A number of institutional investors and hedge funds have recently made changes to their positions in FFNW. Brandywine Global Investment Management LLC increased its holdings in First Financial Northwest by 2.1% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 94,407 shares of the bank’s stock worth $1,201,000 after acquiring an additional 1,900 shares in the last quarter. Kennedy Capital Management LLC purchased a new stake in shares of First Financial Northwest during the third quarter worth about $324,000. FNY Investment Advisers LLC acquired a new position in shares of First Financial Northwest during the 4th quarter worth about $117,000. Choreo LLC lifted its stake 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 in the last quarter. Finally, Strategic Value Bank Partners LLC boosted its holdings in First Financial Northwest by 6.4% in the 4th quarter. Strategic Value Bank Partners LLC now owns 503,567 shares of the bank’s stock worth $6,788,000 after buying an additional 30,468 shares during the last quarter. 55.00% of the stock is currently owned by hedge funds and other institutional investors.

First Financial Northwest Dividend Announcement

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

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.