Q4 Earnings Forecast for FFNW Issued By DA Davidson

First Financial Northwest, Inc. (NASDAQ:FFNW) – Equities researchers at DA Davidson issued their Q4 2024 earnings per share estimates for shares of First Financial Northwest in a note issued to investors on Wednesday, October 30th. DA Davidson analyst J. Rulis expects 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.

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

First Financial Northwest Trading Down 1.1 %

NASDAQ:FFNW opened at $22.26 on Thursday. The firm has a market capitalization of $204.35 million, a P/E ratio of 202.38 and a beta of 0.53. 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 fifty day moving average of $22.61 and a 200 day moving average of $21.69. First Financial Northwest has a 52 week low of $10.78 and a 52 week high of $23.50.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake 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 valued at $7,575,000 after purchasing an additional 21,447 shares in the last quarter. Black Maple Capital Management LP boosted its position in First Financial Northwest by 45.8% during the 1st quarter. Black Maple Capital Management LP now owns 141,677 shares of the bank’s stock valued at $2,913,000 after acquiring an additional 44,494 shares in the last quarter. Bank of New York Mellon Corp boosted its position in First Financial Northwest by 45.2% during 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. Clear Harbor Asset Management LLC purchased a new position in shares of First Financial Northwest during the 2nd quarter worth approximately $411,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in shares of First Financial Northwest in the 2nd quarter worth approximately $403,000. 55.00% of the stock is owned by hedge funds and other 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.