Greenwich Investment Management Inc. lifted its position in shares of First Financial Northwest, Inc. (NASDAQ:FFNW – Get Rating) by 7.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,684 shares of the bank's stock after acquiring an additional 9,943 shares during the period. First Financial Northwest comprises approximately 1.6% of Greenwich Investment Management Inc.'s holdings, making the stock its 20th largest holding. Greenwich Investment Management Inc.'s holdings in First Financial Northwest were worth $2,612,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Strategic Value Bank Partners LLC acquired a new stake in First Financial Northwest in the first quarter worth $127,000. Seizert Capital Partners LLC increased its position in First Financial Northwest by 2.9% in the first quarter. Seizert Capital Partners LLC now owns 60,890 shares of the bank's stock worth $1,042,000 after buying an additional 1,695 shares during the period. Acadian Asset Management LLC increased its position in First Financial Northwest by 1.7% in the fourth quarter. Acadian Asset Management LLC now owns 73,594 shares of the bank's stock worth $1,185,000 after buying an additional 1,211 shares during the period. Finally, Vanguard Group Inc. increased its position in First Financial Northwest by 1.2% in the first quarter. Vanguard Group Inc. now owns 347,649 shares of the bank's stock worth $5,948,000 after buying an additional 4,255 shares during the period. 39.45% of the stock is owned by institutional investors and hedge funds.
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First Financial Northwest Stock Performance
Shares of FFNW traded up $0.03 during trading hours on Monday, reaching $14.94. 24 shares of the company's stock traded hands, compared to its average volume of 6,801. First Financial Northwest, Inc. has a twelve month low of $14.62 and a twelve month high of $17.95. The business's fifty day simple moving average is $15.38 and its two-hundred day simple moving average is $16.22. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $135.77 million, a price-to-earnings ratio of 11.49 and a beta of 0.45.
First Financial Northwest (NASDAQ:FFNW – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The bank reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $12.79 million for the quarter, compared to analysts' expectations of $12.38 million. Analysts predict that First Financial Northwest, Inc. will post 1.31 earnings per share for the current year.
First Financial Northwest Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 2nd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Thursday, September 1st. First Financial Northwest's dividend payout ratio is currently 36.92%.
Insider Activity at First Financial Northwest
In other First Financial Northwest news, VP Simon Soh sold 17,834 shares of the business's stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $15.53, for a total value of $276,962.02. Following the sale, the vice president now directly owns 34,813 shares in the company, valued at $540,645.89. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 8.00% of the company's stock.
First Financial Northwest Company Profile
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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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