First Financial Northwest, Inc. (NASDAQ:FFNW – Get Rating) announced a quarterly dividend on Monday, August 8th, Zacks reports. Stockholders of record on Friday, September 2nd will be paid a dividend of 0.12 per share by the bank on Friday, September 16th. This represents a $0.48 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Thursday, September 1st.
First Financial Northwest has increased its dividend payment by an average of 12.4% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. First Financial Northwest has a dividend payout ratio of 38.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Financial Northwest to earn $1.25 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 38.4%.
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Shares of FFNW opened at $15.12 on Wednesday. The stock has a market capitalization of $137.44 million, a PE ratio of 11.63 and a beta of 0.45. First Financial Northwest has a 1 year low of $14.62 and a 1 year high of $17.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.98 and a current ratio of 0.98. The company's 50-day simple moving average is $15.47 and its 200-day simple moving average is $16.34.
First Financial Northwest (NASDAQ:FFNW – Get Rating) last issued its quarterly 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. The business had revenue of $12.79 million for the quarter, compared to analysts' expectations of $12.38 million. First Financial Northwest had a net margin of 21.04% and a return on equity of 7.58%. Analysts forecast that First Financial Northwest will post 1.31 earnings per share for the current fiscal year.Insider Activity at First Financial Northwest
In related news, 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 value of $41,184.60. Following the sale, the chief financial officer now owns 29,756 shares of the company's stock, valued at $493,949.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other First Financial Northwest news, VP Simon Soh sold 18,844 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $15.31, for a total value of $288,501.64. Following the transaction, the vice president now directly owns 34,813 shares in the company, valued at $532,987.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard P. Jacobson sold 2,481 shares of the 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 completion of the transaction, the chief financial officer now owns 29,756 shares in the company, valued at $493,949.60. The disclosure for this sale can be found here. Insiders have sold a total of 39,159 shares of company stock valued at $606,648 over the last 90 days. 8.00% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On First Financial Northwest
Several hedge funds have recently added to or reduced their stakes in FFNW. Vanguard Group Inc. increased its stake in First Financial Northwest by 1.2% in the first quarter. Vanguard Group Inc. now owns 347,649 shares of the bank's stock valued at $5,948,000 after purchasing an additional 4,255 shares during the last quarter. UBS Group AG grew its position in shares of First Financial Northwest by 213.0% during the second quarter. UBS Group AG now owns 1,800 shares of the bank's stock worth $27,000 after acquiring an additional 1,225 shares during the last quarter. Finally, State Street Corp grew its position in shares of First Financial Northwest by 20.5% during the second quarter. State Street Corp now owns 28,815 shares of the bank's stock worth $448,000 after acquiring an additional 4,900 shares during the last quarter. 39.45% of the stock is currently owned by hedge funds and other institutional investors.
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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