First Financial Northwest (NASDAQ:FFNW) Posts Quarterly Earnings Results, Misses Expectations By $0.14 EPS

First Financial Northwest (NASDAQ:FFNW - Get Free Report) announced its quarterly earnings data on Tuesday. The bank reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.14), RTT News reports. First Financial Northwest had a net margin of 3.89% and a return on equity of 1.98%. The business had revenue of $20.09 million during the quarter, compared to analyst estimates of $9.49 million. During the same quarter last year, the firm posted $0.16 EPS.

First Financial Northwest Price Performance

First Financial Northwest stock traded up $0.01 during midday trading on Wednesday, hitting $22.67. 15,092 shares of the company's stock were exchanged, compared to its average volume of 39,327. First Financial Northwest has a 52-week low of $10.78 and a 52-week high of $23.50. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a 50-day moving average price of $22.60 and a two-hundred day moving average price of $21.66. The company has a market cap of $207.97 million, a P/E ratio of 68.30 and a beta of 0.53.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FFNW shares. StockNews.com downgraded First Financial Northwest from a "hold" rating to a "sell" rating in a research note on Tuesday. Piper Sandler lowered First Financial Northwest from an "overweight" rating to a "neutral" rating and set a $23.50 target price on the stock. in a report on Friday, July 26th.

About First Financial Northwest

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.