BNP Paribas Arbitrage SA Grows Position in First Financial Northwest, Inc. (NASDAQ:FFNW)

BNP Paribas Arbitrage SA increased its holdings in shares of First Financial Northwest, Inc. (NASDAQ:FFNW) by 732.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,748 shares of the bank’s stock after acquiring an additional 1,538 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in First Financial Northwest were worth $28,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers acquired a new stake in shares of First Financial Northwest in the 4th quarter valued at approximately $174,000. First Trust Advisors LP boosted its stake in shares of First Financial Northwest by 18.7% in the 4th quarter. First Trust Advisors LP now owns 14,955 shares of the bank’s stock valued at $231,000 after purchasing an additional 2,355 shares in the last quarter. Seizert Capital Partners LLC boosted its stake in shares of First Financial Northwest by 36.5% in the 4th quarter. Seizert Capital Partners LLC now owns 29,112 shares of the bank’s stock valued at $450,000 after purchasing an additional 7,785 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of First Financial Northwest by 4.8% in the 4th quarter. Acadian Asset Management LLC now owns 48,908 shares of the bank’s stock valued at $756,000 after purchasing an additional 2,228 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of First Financial Northwest by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 83,040 shares of the bank’s stock valued at $1,284,000 after purchasing an additional 3,501 shares in the last quarter. 45.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ FFNW traded down $0.01 during midday trading on Friday, reaching $13.92. The stock had a trading volume of 5,926 shares, compared to its average volume of 17,812. The firm has a 50 day simple moving average of $14.80. The company has a market cap of $144.42 million, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 2.09 and a beta of 0.23. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.13 and a current ratio of 1.13. First Financial Northwest, Inc. has a twelve month low of $13.26 and a twelve month high of $20.98.

First Financial Northwest (NASDAQ:FFNW) last released its quarterly earnings data on Thursday, April 25th. The bank reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.05). The company had revenue of $10.55 million during the quarter, compared to the consensus estimate of $11.28 million. First Financial Northwest had a net margin of 16.87% and a return on equity of 6.53%. On average, equities research analysts expect that First Financial Northwest, Inc. will post 0.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were paid a $0.09 dividend. The ex-dividend date was Thursday, June 6th. This represents a $0.36 annualized dividend and a dividend yield of 2.59%. This is a positive change from First Financial Northwest’s previous quarterly dividend of $0.08. First Financial Northwest’s payout ratio is currently 25.17%.

Several research firms recently commented on FFNW. Zacks Investment Research downgraded shares of First Financial Northwest from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 30th. ValuEngine downgraded shares of First Financial Northwest from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th.

In other news, Director Kevin D. Padrick acquired 6,489 shares of the business’s stock in a transaction on Friday, May 31st. The shares were purchased at an average cost of $15.05 per share, with a total value of $97,659.45. Following the acquisition, the director now directly owns 52,231 shares of the company’s stock, valued at $786,076.55. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kevin D. Padrick acquired 17,540 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were purchased at an average cost of $15.05 per share, for a total transaction of $263,977.00. Following the completion of the acquisition, the director now directly owns 66,934 shares in the company, valued at $1,007,356.70. The disclosure for this purchase can be found here. Insiders own 6.87% of the company’s stock.

First Financial Northwest Company Profile

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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Institutional Ownership by Quarter for First Financial Northwest (NASDAQ:FFNW)

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