First Financial Northwest (NASDAQ:FFNW) Releases Quarterly Earnings Results, Beats Expectations By $0.13 EPS

First Financial Northwest (NASDAQ:FFNW) issued its quarterly earnings data on Thursday. The bank reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.13, Zacks reports. First Financial Northwest had a net margin of 3.89% and a return on equity of 1.98%. The business had revenue of $19.99 million during the quarter, compared to analysts’ expectations of $9.60 million.

First Financial Northwest Trading Up 2.4 %

First Financial Northwest stock traded up $0.52 during trading on Friday, hitting $22.37. The company’s stock had a trading volume of 53,822 shares, compared to its average volume of 83,516. The stock’s fifty day moving average is $21.29 and its 200 day moving average is $20.83. First Financial Northwest has a 1-year low of $10.09 and a 1-year high of $22.48. The stock has a market capitalization of $205.13 million, a price-to-earnings ratio of 67.79 and a beta of 0.54. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.03 and a current ratio of 1.03.

First Financial Northwest Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Friday, June 7th. First Financial Northwest’s dividend payout ratio is presently 157.58%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler downgraded 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.

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.