Analysts predict that First Financial Northwest, Inc. (NASDAQ:FFNW) will announce $10.94 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for First Financial Northwest’s earnings. The highest sales estimate is $11.00 million and the lowest is $10.88 million. First Financial Northwest posted sales of $10.55 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.7%. The firm is scheduled to announce its next earnings report on Thursday, April 23rd.
According to Zacks, analysts expect that First Financial Northwest will report full year sales of $45.63 million for the current fiscal year, with estimates ranging from $45.25 million to $46.00 million. For the next financial year, analysts expect that the firm will report sales of $48.50 million, with estimates ranging from $48.20 million to $48.79 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover First Financial Northwest.
First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $11.22 million for the quarter, compared to the consensus estimate of $10.80 million. First Financial Northwest had a return on equity of 6.75% and a net margin of 16.26%.
FFNW stock traded down $0.03 during mid-day trading on Friday, reaching $15.16. 7,612 shares of the company’s stock were exchanged, compared to its average volume of 10,355. The company has a market cap of $152.79 million, a price-to-earnings ratio of 14.72 and a beta of 0.21. The stock’s 50 day moving average is $14.89 and its 200 day moving average is $14.53. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.08 and a quick ratio of 1.08. First Financial Northwest has a 12-month low of $13.20 and a 12-month high of $17.24.
In other news, CEO Joseph W. Kiley III sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $15.07, for a total value of $45,210.00. Following the transaction, the chief executive officer now owns 24,365 shares in the company, valued at $367,180.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.87% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of First Financial Northwest by 4.6% in the second quarter. BlackRock Inc. now owns 907,160 shares of the bank’s stock valued at $12,836,000 after acquiring an additional 39,495 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of First Financial Northwest by 2.5% in the fourth quarter. Renaissance Technologies LLC now owns 692,200 shares of the bank’s stock valued at $10,341,000 after acquiring an additional 17,206 shares in the last quarter. State Street Corp lifted its position in shares of First Financial Northwest by 0.4% in the fourth quarter. State Street Corp now owns 151,373 shares of the bank’s stock valued at $2,262,000 after acquiring an additional 666 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of First Financial Northwest by 27.0% in the fourth quarter. Bank of New York Mellon Corp now owns 120,206 shares of the bank’s stock valued at $1,796,000 after acquiring an additional 25,541 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of First Financial Northwest by 3.1% in the second quarter. Northern Trust Corp now owns 100,960 shares of the bank’s stock valued at $1,428,000 after acquiring an additional 2,992 shares in the last quarter. Institutional investors and hedge funds own 44.09% of the company’s stock.
About First Financial Northwest
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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