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

First Financial Northwest (NASDAQ:FFNW) issued its quarterly earnings results 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 return on equity of 1.98% and a net margin of 3.89%. The firm had revenue of $19.99 million for the quarter, compared to analysts’ expectations of $9.60 million.

First Financial Northwest Stock Up 2.4 %

NASDAQ FFNW traded up $0.52 during trading on Friday, reaching $22.37. 53,822 shares of the company’s stock were exchanged, compared to its average volume of 83,516. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.72. First Financial Northwest has a fifty-two week low of $10.09 and a fifty-two week high of $22.48. The company’s fifty day simple moving average is $21.29 and its 200-day simple moving average is $20.83. The firm has a market capitalization of $205.13 million, a PE ratio of 67.79 and a beta of 0.54.

First Financial Northwest Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut shares of 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.

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.