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First Financial Northwest (NASDAQ:FFNW) Share Price Crosses Below 200 Day Moving Average of $16.06

Defense World · Sep 28, 2022 02:02

Shares of First Financial Northwest, Inc. (NASDAQ:FFNW – Get Rating) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.06 and traded as low as $14.82. First Financial Northwest shares last traded at $14.85, with a volume of 1,535 shares traded.

First Financial Northwest Stock Down 0.3 %

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 stock has a market cap of $134.96 million, a P/E ratio of 11.42 and a beta of 0.45. The firm has a 50-day simple moving average of $15.27 and a two-hundred day simple moving average of $16.06.

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First Financial Northwest (NASDAQ:FFNW – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The bank reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $12.79 million for the quarter, compared to analysts' expectations of $12.38 million. First Financial Northwest had a return on equity of 7.58% and a net margin of 21.04%. Equities research analysts expect 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 was paid on Friday, September 16th. Investors of record on Friday, September 2nd were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Thursday, September 1st. First Financial Northwest's payout ratio is currently 36.92%.

Insider Buying and Selling

In related news, VP Simon Soh sold 17,834 shares of the firm's stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $15.53, for a total value of $276,962.02. Following the transaction, the vice president now owns 34,813 shares in the company, valued at $540,645.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On First Financial Northwest

A number of hedge funds have recently made changes to their positions in the stock. UBS Group AG increased its holdings in First Financial Northwest by 213.0% in the second quarter. UBS Group AG now owns 1,800 shares of the bank's stock worth $27,000 after purchasing an additional 1,225 shares in the last quarter. Seizert Capital Partners LLC increased its holdings 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 purchasing an additional 1,695 shares in the last quarter. Vanguard Group Inc. increased its holdings 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 purchasing an additional 4,255 shares in the last quarter. State Street Corp increased its holdings in First Financial Northwest by 20.5% in the second quarter. State Street Corp now owns 28,815 shares of the bank's stock worth $448,000 after purchasing an additional 4,900 shares in the last quarter. Finally, Strategic Value Bank Partners LLC bought a new stake in First Financial Northwest in the first quarter worth approximately $127,000. 39.45% of the stock is currently owned by 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.