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Simon Soh Sells 17,834 Shares of First Financial Northwest, Inc. (NASDAQ:FFNW) Stock

kopsource ·  Aug 25, 2022 17:51

First Financial Northwest, Inc. (NASDAQ:FFNW – Get Rating) VP Simon Soh sold 17,834 shares of the company's stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $15.53, for a total value of $276,962.02. Following the completion of the transaction, the vice president now directly owns 34,813 shares in the company, valued at approximately $540,645.89. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

First Financial Northwest Trading Down 1.7 %

FFNW traded down $0.27 during mid-day trading on Thursday, hitting $15.21. 20,049 shares of the stock were exchanged, compared to its average volume of 6,841. The firm's fifty day moving average is $15.52 and its two-hundred day moving average is $16.39. First Financial Northwest, Inc. has a 1-year low of $14.62 and a 1-year high of $17.95. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.61. The company has a market cap of $138.23 million, a PE ratio of 11.91 and a beta of 0.45.

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First Financial Northwest (NASDAQ:FFNW – Get Rating) last posted its earnings results on Thursday, July 28th. The bank reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. First Financial Northwest had a return on equity of 7.58% and a net margin of 21.04%. The firm had revenue of $12.79 million for the quarter, compared to analyst estimates of $12.38 million. Equities analysts forecast that First Financial Northwest, Inc. will post 1.31 earnings per share for the current fiscal year.

First Financial Northwest Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, September 2nd will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, September 1st. First Financial Northwest's dividend payout ratio is currently 36.92%.

Institutional Investors Weigh In On First Financial Northwest

A number of hedge funds have recently bought and sold shares of FFNW. Greenwich Investment Management Inc. acquired a new stake in First Financial Northwest in the 4th quarter valued at about $2,308,000. Strategic Value Bank Partners LLC raised its position in First Financial Northwest by 850.4% in the 2nd quarter. Strategic Value Bank Partners LLC now owns 70,586 shares of the bank's stock valued at $1,097,000 after purchasing an additional 63,159 shares in the last quarter. State Street Corp increased its holdings in shares of First Financial Northwest by 20.5% in the 2nd quarter. State Street Corp now owns 28,815 shares of the bank's stock valued at $448,000 after acquiring an additional 4,900 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of First Financial Northwest by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 347,649 shares of the bank's stock valued at $5,948,000 after acquiring an additional 4,255 shares during the last quarter. Finally, Seizert Capital Partners LLC increased its holdings in shares of First Financial Northwest by 2.9% in the 1st quarter. Seizert Capital Partners LLC now owns 60,890 shares of the bank's stock valued at $1,042,000 after acquiring an additional 1,695 shares during the last quarter. Institutional investors and hedge funds own 49.13% 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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