DA Davidson Has Negative Forecast for FFNW FY2025 Earnings

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

First Financial Northwest (NASDAQ:FFNW) last issued its 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 net margin of 1.31% and a return on equity of 0.66%. The firm had revenue of $20.09 million during the quarter, compared to analysts’ expectations of $9.49 million. During the same period in the previous year, the firm earned $0.16 EPS.

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

First Financial Northwest Stock Down 0.9 %

Shares of NASDAQ:FFNW opened at $21.29 on Friday. The stock has a 50-day simple moving average of $22.45 and a 200-day simple moving average of $22.05. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.04. First Financial Northwest has a 1 year low of $13.13 and a 1 year high of $23.50. The stock has a market capitalization of $196.51 million, a P/E ratio of 193.56 and a beta of 0.52.

Institutional Investors Weigh In On First Financial Northwest

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Management LLC increased its holdings in shares of First Financial Northwest by 129.0% in the third quarter. MetLife Investment Management LLC now owns 4,113 shares of the bank’s stock valued at $93,000 after purchasing an additional 2,317 shares in the last quarter. Rhumbline Advisers bought a new stake in First Financial Northwest during the second quarter worth about $188,000. Barclays PLC grew its holdings in shares of First Financial Northwest by 272.9% during the 3rd quarter. Barclays PLC now owns 9,140 shares of the bank’s stock valued at $206,000 after purchasing an additional 6,689 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of First Financial Northwest by 9.8% during the second quarter. Commonwealth Equity Services LLC now owns 11,986 shares of the bank’s stock valued at $253,000 after acquiring an additional 1,069 shares during the last quarter. Finally, B.O.S.S. Retirement Advisors LLC acquired a new stake in First Financial Northwest during the 3rd quarter worth about $312,000. 55.00% of the stock is currently owned by institutional investors and hedge funds.

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.