Equities Analysts Offer Predictions for FFNW Q4 Earnings

First Financial Northwest, Inc. (NASDAQ:FFNW) – Equities researchers at DA Davidson issued their Q4 2024 EPS estimates for First Financial Northwest in a research report issued on Wednesday, October 30th. DA Davidson analyst J. Rulis anticipates that the bank will post earnings per share of $0.06 for the quarter. The consensus estimate for First Financial Northwest’s current full-year earnings is $0.23 per share.

First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings results 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). First Financial Northwest had a return on equity of 1.98% and a net margin of 3.89%. The business had revenue of $20.09 million during the quarter, compared to analysts’ expectations of $9.49 million. During the same quarter in the previous year, the company posted $0.16 earnings per share.

Other research analysts have also recently issued reports about the stock. StockNews.com cut shares of First Financial Northwest from a “hold” rating to a “sell” rating in a report on Tuesday. Piper Sandler downgraded shares of First Financial Northwest from an “overweight” rating to a “neutral” rating and set a $23.50 target price on the stock. in a research note on Friday, July 26th.

First Financial Northwest Stock Performance

FFNW stock opened at $22.50 on Thursday. First Financial Northwest has a twelve month low of $10.78 and a twelve month high of $23.50. The firm has a market cap of $206.55 million, a price-to-earnings ratio of 204.55 and a beta of 0.53. The business’s fifty day simple moving average is $22.62 and its two-hundred day simple moving average is $21.67. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.10.

Hedge Funds Weigh In On First Financial Northwest

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its stake in First Financial Northwest by 9.8% in the second quarter. Commonwealth Equity Services LLC now owns 11,986 shares of the bank’s stock worth $253,000 after acquiring an additional 1,069 shares during the period. Rhumbline Advisers purchased a new stake in shares of First Financial Northwest in the 2nd quarter worth approximately $188,000. B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of First Financial Northwest in the 3rd quarter worth approximately $312,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of First Financial Northwest during the second quarter valued at approximately $403,000. Finally, Clear Harbor Asset Management LLC purchased a new position in First Financial Northwest during the second quarter valued at approximately $411,000. Institutional investors own 55.00% of the company’s stock.

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.