Acadian Asset Management LLC decreased its holdings in shares of First Financial Northwest, Inc. (NASDAQ:FFNW – Get Rating) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,161 shares of the bank's stock after selling 2,433 shares during the quarter. Acadian Asset Management LLC owned approximately 0.78% of First Financial Northwest worth $1,215,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Greenwich Investment Management Inc. acquired a new stake in shares of First Financial Northwest in the fourth quarter valued at approximately $2,308,000. Seizert Capital Partners LLC increased its stake in shares of First Financial Northwest by 2.9% in the first quarter. Seizert Capital Partners LLC now owns 60,890 shares of the bank's stock valued at $1,042,000 after purchasing an additional 1,695 shares during the period. Finally, Strategic Value Bank Partners LLC acquired a new stake in shares of First Financial Northwest in the first quarter valued at approximately $127,000. Institutional investors and hedge funds own 39.45% of the company's stock.
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Insider Activity at First Financial Northwest
In related news, VP Simon Soh sold 17,834 shares of the firm's stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $15.53, for a total transaction of $276,962.02. Following the transaction, the vice president now owns 34,813 shares in the company, valued at $540,645.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Simon Soh sold 17,834 shares of the firm's stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $15.53, for a total transaction of $276,962.02. Following the transaction, the vice president now owns 34,813 shares in the company, valued at $540,645.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard P. Jacobson sold 2,481 shares of the firm's stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $16.60, for a total transaction of $41,184.60. Following the transaction, the chief financial officer now owns 29,756 shares in the company, valued at approximately $493,949.60. The disclosure for this sale can be found here. Insiders have sold 39,159 shares of company stock worth $606,648 over the last quarter. 8.00% of the stock is currently owned by company insiders.
First Financial Northwest Price Performance
Shares of NASDAQ:FFNW opened at $14.86 on Wednesday. The firm's 50 day moving average is $15.46 and its two-hundred day moving average is $16.33. First Financial Northwest, Inc. has a 52 week low of $14.62 and a 52 week high of $17.95. The firm has a market capitalization of $135.05 million, a P/E ratio of 11.43 and a beta of 0.45. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.61.
First Financial Northwest (NASDAQ:FFNW – Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The bank reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. First Financial Northwest had a net margin of 21.04% and a return on equity of 7.58%. The company had revenue of $12.79 million for the quarter, compared to analyst estimates of $12.38 million. Analysts anticipate that First Financial Northwest, Inc. will post 1.31 earnings per share for the current year.
First Financial Northwest Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, September 2nd will be paid a $0.12 dividend. The ex-dividend date is Thursday, September 1st. This represents a $0.48 annualized dividend and a dividend yield of 3.23%. First Financial Northwest's payout ratio is currently 36.92%.
About First Financial Northwest
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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, statement savings accounts, and certificates of deposit.
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