First Financial Northwest, Inc. (NASDAQ:FFNW) to Post FY2024 Earnings of $0.22 Per Share, DA Davidson Forecasts

by · The Cerbat Gem

First Financial Northwest, Inc. (NASDAQ:FFNW – Free Report) – Equities researchers at DA Davidson increased their FY2024 EPS estimates for First Financial Northwest in a report issued on Thursday, October 3rd. DA Davidson analyst J. Rulis now expects that the bank will post earnings of $0.22 per share for the year, up from their prior estimate of $0.20. The consensus estimate for First Financial Northwest’s current full-year earnings is $0.27 per share.

FFNW has been the subject of a number of other research reports. Piper Sandler lowered First Financial Northwest from an “overweight” rating to a “neutral” rating and set a $23.50 price target for the company. in a research note on Friday, July 26th. StockNews.com cut shares of First Financial Northwest from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th.

Check Out Our Latest Report on FFNW

First Financial Northwest Price Performance

Shares of FFNW stock opened at $22.64 on Monday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.10 and a current ratio of 1.10. First Financial Northwest has a fifty-two week low of $10.09 and a fifty-two week high of $22.88. The firm has a market cap of $207.70 million, a P/E ratio of 68.61 and a beta of 0.53. The business’s 50 day moving average price is $22.21 and its 200-day moving average price is $21.40.

First Financial Northwest (NASDAQ:FFNW – Get Free Report) last posted its earnings results on Thursday, July 25th. The bank reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.13. The company had revenue of $19.99 million for the quarter, compared to analysts’ expectations of $9.60 million. First Financial Northwest had a return on equity of 1.98% and a net margin of 3.89%.

Institutional Trading of First Financial Northwest

Hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers bought a new position in First Financial Northwest in the 2nd quarter worth about $188,000. Commonwealth Equity Services LLC increased its stake in First Financial Northwest by 9.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 11,986 shares of the bank’s stock valued at $253,000 after purchasing an additional 1,069 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in First Financial Northwest in the second quarter worth about $403,000. Clear Harbor Asset Management LLC bought a new position in shares of First Financial Northwest in the second quarter worth approximately $411,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of First Financial Northwest by 45.2% during the second quarter. Bank of New York Mellon Corp now owns 63,223 shares of the bank’s stock valued at $1,336,000 after buying an additional 19,670 shares during the last quarter. 55.00% of the stock is owned by institutional investors.

First Financial Northwest Company Profile

(Get Free Report)

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.

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