DA Davidson Has Pessimistic Outlook of FFNW FY2025 Earnings

First Financial Northwest, Inc. (NASDAQ:FFNW) – Equities research analysts at DA Davidson cut their FY2025 earnings per share estimates for shares of First Financial Northwest in a report released on Thursday, December 19th. DA Davidson analyst J. Rulis now anticipates that the bank will earn $0.18 per share for the year, down from their prior forecast of $0.20. The consensus estimate for First Financial Northwest’s current full-year earnings is $0.09 per share.

Separately, StockNews.com lowered First Financial Northwest from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.

First Financial Northwest Stock Performance

Shares of FFNW opened at $21.33 on Friday. The firm has a 50-day moving average price of $22.42 and a 200 day moving average price of $22.05. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $196.88 million, a PE ratio of 193.93 and a beta of 0.52. First Financial Northwest has a 52-week low of $13.16 and a 52-week high of $23.50.

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

Institutional Investors Weigh In On First Financial Northwest

Several hedge funds have recently made changes to their positions in FFNW. Western Standard LLC purchased a new stake in shares of First Financial Northwest during the third quarter worth $5,368,000. State Street Corp increased its holdings in First Financial Northwest by 2.7% in the third quarter. State Street Corp now owns 87,417 shares of the bank’s stock worth $1,969,000 after buying an additional 2,312 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in First Financial Northwest by 45.2% in the second quarter. Bank of New York Mellon Corp now owns 63,223 shares of the bank’s stock worth $1,336,000 after buying an additional 19,670 shares during the last quarter. Captrust Financial Advisors bought a new stake in First Financial Northwest in the third quarter worth approximately $789,000. Finally, Empowered Funds LLC raised its holdings in shares of First Financial Northwest by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 21,348 shares of the bank’s stock valued at $481,000 after purchasing an additional 1,072 shares in the last quarter. Hedge funds and other 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.