DA Davidson Comments on First Financial Northwest, Inc.’s Q3 2024 Earnings (NASDAQ:FFNW)

First Financial Northwest, Inc. (NASDAQ:FFNW) – Equities researchers at DA Davidson lifted their Q3 2024 earnings per share estimates for shares of First Financial Northwest in a research report issued to clients and investors on Thursday, October 3rd. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings of $0.08 per share for the quarter, up from their prior estimate of $0.07. The consensus estimate for First Financial Northwest’s current full-year earnings is $0.27 per share. DA Davidson also issued estimates for First Financial Northwest’s FY2025 earnings at $0.38 EPS.

Several other equities analysts have also issued reports on the company. Piper Sandler lowered First Financial Northwest from an “overweight” rating to a “neutral” rating and set a $23.50 target price for the company. in a report on Friday, July 26th. StockNews.com lowered First Financial Northwest from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th.

First Financial Northwest Stock Performance

Shares of FFNW opened at $22.44 on Friday. 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 $22.19 and a two-hundred day moving average price of $21.39. The firm has a market capitalization of $205.86 million, a P/E ratio of 68.00 and a beta of 0.53. First Financial Northwest has a 52 week low of $10.09 and a 52 week high of $22.88.

First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.13. The firm had revenue of $19.99 million during the quarter, compared to analyst estimates of $9.60 million. First Financial Northwest had a return on equity of 1.98% and a net margin of 3.89%.

Hedge Funds Weigh In On First Financial Northwest

Several institutional investors and hedge funds have recently bought and sold shares of FFNW. Black Maple Capital Management LP grew its holdings in First Financial Northwest by 86.1% during the fourth quarter. Black Maple Capital Management LP now owns 97,183 shares of the bank’s stock valued at $1,310,000 after purchasing an additional 44,952 shares during the period. Vanguard Group Inc. grew its holdings in First Financial Northwest by 6.2% during the first 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 during the period. Bank of New York Mellon Corp grew its holdings in First Financial Northwest by 45.2% during the second quarter. Bank of New York Mellon Corp now owns 63,223 shares of the bank’s stock valued at $1,336,000 after purchasing an additional 19,670 shares during the period. Clear Harbor Asset Management LLC bought a new position in First Financial Northwest during the second quarter valued at $411,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in First Financial Northwest during the second quarter valued at $403,000. 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.