First Financial Northwest (NASDAQ:FFNW) Stock Crosses Below Fifty Day Moving Average of $14.46

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First Financial Northwest, Inc. (NASDAQ:FFNW)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $14.46 and traded as low as $14.00. First Financial Northwest shares last traded at $14.00, with a volume of 130 shares changing hands.

Several analysts have weighed in on the company. Zacks Investment Research cut First Merchants from a “hold” rating to a “sell” rating in a research report on Monday, July 1st. ValuEngine raised WPP from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th.

The stock’s 50-day moving average is $14.44. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $146.09 million, a price-to-earnings ratio of 9.99, a P/E/G ratio of 2.12 and a beta of 0.23.

First Financial Northwest (NASDAQ:FFNW) last posted its quarterly earnings data on Thursday, April 25th. The bank reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.05). The firm had revenue of $10.55 million for 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%. As a group, equities analysts forecast that First Financial Northwest, Inc. will post 0.95 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.52%. This is a boost from First Financial Northwest’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, June 6th. First Financial Northwest’s payout ratio is presently 25.17%.

In related news, Director Kevin D. Padrick purchased 6,489 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 52,231 shares in the company, valued at approximately $786,076.55. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kevin D. Padrick purchased 17,540 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was bought at an average cost of $15.05 per share, for a total transaction of $263,977.00. Following the completion of the transaction, the director now 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.

Institutional investors and hedge funds have recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its holdings in First Financial Northwest by 7.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 18,259 shares of the bank’s stock worth $288,000 after acquiring an additional 1,234 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in First Financial Northwest by 1.6% in the 4th quarter. Bank of New York Mellon Corp now owns 96,182 shares of the bank’s stock worth $1,488,000 after acquiring an additional 1,531 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in First Financial Northwest by 732.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,748 shares of the bank’s stock worth $28,000 after acquiring an additional 1,538 shares during the last quarter. First Trust Advisors LP raised its holdings in First Financial Northwest by 18.7% in the 4th quarter. First Trust Advisors LP now owns 14,955 shares of the bank’s stock worth $231,000 after acquiring an additional 2,355 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in First Financial Northwest by 3.0% in the 4th quarter. Northern Trust Corp now owns 98,452 shares of the bank’s stock worth $1,523,000 after acquiring an additional 2,871 shares during the last quarter. 45.41% of the stock is currently owned by hedge funds and other institutional investors.

About First Financial Northwest (NASDAQ:FFNW)

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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