Equities Analysts Set Expectations for FFNW FY2024 Earnings

First Financial Northwest, Inc. (NASDAQ:FFNW - Free Report) - DA Davidson decreased their FY2024 EPS estimates for shares of First Financial Northwest in a research note issued to investors on Wednesday, October 30th. DA Davidson analyst J. Rulis now forecasts that the bank will earn $0.04 per share for the year, down from their previous estimate of $0.22. The consensus estimate for First Financial Northwest's current full-year earnings is $0.23 per share. DA Davidson also issued estimates for First Financial Northwest's FY2025 earnings at $0.20 EPS.

First Financial Northwest (NASDAQ:FFNW - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The bank reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.14). The company had revenue of $20.09 million during the quarter, compared to analyst estimates of $9.49 million. First Financial Northwest had a net margin of 1.31% and a return on equity of 0.66%. During the same quarter in the prior year, the company posted $0.16 EPS.

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

First Financial Northwest Stock Down 1.1 %

FFNW stock traded down $0.24 during trading hours on Friday, hitting $22.26. The company's stock had a trading volume of 18,787 shares, compared to its average volume of 39,322. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $204.35 million, a PE ratio of 203.38 and a beta of 0.53. First Financial Northwest has a 12 month low of $10.78 and a 12 month high of $23.50. The stock has a 50 day moving average price of $22.62 and a two-hundred day moving average price of $21.67.

Institutional Trading of First Financial Northwest

A number of hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC increased its position in shares of First Financial Northwest by 9.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 11,986 shares of the bank's stock worth $253,000 after purchasing an additional 1,069 shares in the last quarter. Vanguard Group Inc. increased its position in shares of First Financial Northwest by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 368,446 shares of the bank's stock worth $7,575,000 after purchasing an additional 21,447 shares in the last quarter. Bank of New York Mellon Corp increased its position in First Financial Northwest by 45.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 63,223 shares of the bank's stock valued at $1,336,000 after acquiring an additional 19,670 shares in the last quarter. Rhumbline Advisers acquired a new stake in First Financial Northwest in the 2nd quarter valued at about $188,000. Finally, Clear Harbor Asset Management LLC bought a new position in shares of First Financial Northwest in the 2nd quarter valued at about $411,000. 55.00% of the stock is owned by institutional investors.

First Financial Northwest Company Profile

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.