First Financial Northwest (NASDAQ:FFNW) Posts Earnings Results, Beats Expectations By $0.13 EPS

First Financial Northwest (NASDAQ:FFNW) released its quarterly earnings data on Thursday. The bank reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.13, Zacks reports. First Financial Northwest had a return on equity of 1.98% and a net margin of 3.89%. The business had revenue of $19.99 million during the quarter, compared to the consensus estimate of $9.60 million.

First Financial Northwest Stock Performance

Shares of First Financial Northwest stock traded up $0.52 during trading hours on Friday, reaching $22.37. The company’s stock had a trading volume of 53,822 shares, compared to its average volume of 83,516. The stock has a market cap of $205.13 million, a P/E ratio of 67.79 and a beta of 0.54. First Financial Northwest has a one year low of $10.09 and a one year high of $22.48. The company’s 50 day simple moving average is $21.29 and its 200 day simple moving average is $20.83. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.03 and a current ratio of 1.03.

First Financial Northwest Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.52 annualized dividend and a yield of 2.32%. First Financial Northwest’s payout ratio is 157.58%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler downgraded First Financial Northwest from an “overweight” rating to a “neutral” rating and set a $23.50 price objective on the stock. in a report on Friday.

First Financial Northwest Company Profile

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, savings accounts, and certificates of deposit.