Keefe, Bruyette & Woods Reaffirms “Hold” Rating for First Financial Northwest (NASDAQ:FFNW)

First Financial Northwest (NASDAQ:FFNW)‘s stock had its “hold” rating reaffirmed by Keefe, Bruyette & Woods in a report released on Friday, December 22nd. They currently have a $19.00 price target on the bank’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 12.36% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. ValuEngine lowered shares of First Financial Northwest from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of First Financial Northwest from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd.

Shares of First Financial Northwest (NASDAQ FFNW) opened at $16.91 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.36. The stock has a market cap of $181.99, a PE ratio of 19.44, a P/E/G ratio of 1.63 and a beta of 0.32. First Financial Northwest has a 1-year low of $14.83 and a 1-year high of $21.29.

First Financial Northwest (NASDAQ:FFNW) last issued its earnings results on Thursday, October 26th. The bank reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). First Financial Northwest had a return on equity of 6.45% and a net margin of 18.74%. The business had revenue of $10.11 million for the quarter, compared to the consensus estimate of $10.15 million. analysts forecast that First Financial Northwest will post 0.81 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its stake in shares of First Financial Northwest by 40.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,988 shares of the bank’s stock worth $146,000 after buying an additional 2,611 shares during the period. SG Americas Securities LLC purchased a new position in shares of First Financial Northwest in the third quarter worth $181,000. Alpine Woods Capital Investors LLC purchased a new position in shares of First Financial Northwest in the third quarter worth $204,000. Teachers Advisors LLC boosted its holdings in First Financial Northwest by 8.9% in the second quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock valued at $246,000 after acquiring an additional 1,240 shares in the last quarter. Finally, Brighton Jones LLC bought a new stake in First Financial Northwest in the second quarter valued at $270,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

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First Financial Northwest Company Profile

First Financial Northwest, Inc (First Financial Northwest) is a holding company for First Financial Northwest Bank (the Bank). The Bank primarily serves the greater Puget Sound region of King and to a lesser extent, Pierce, Snohomish and Kitsap Counties, Washington through its full-service banking office located in Renton, Washington and branch office in Mill Creek, Washington.

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