Equities Analysts Offer Predictions for FFNW FY2024 Earnings

First Financial Northwest, Inc. (NASDAQ:FFNW) – Research analysts at DA Davidson reduced their FY2024 earnings per share (EPS) estimates for First Financial Northwest in a report released on Wednesday, October 30th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings per share of $0.04 for the year, down from their prior estimate of $0.22. The consensus estimate for First Financial Northwest’s current full-year earnings is $0.23 per share. DA Davidson also issued estimates for First Financial Northwest’s FY2025 earnings at $0.20 EPS.

First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.14). The business had revenue of $20.09 million for the quarter, compared to the consensus estimate of $9.49 million. First Financial Northwest had a net margin of 1.31% and a return on equity of 0.66%. During the same quarter last year, the business posted $0.16 EPS.

FFNW has been the subject of several other reports. StockNews.com lowered shares of First Financial Northwest from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Piper Sandler lowered First Financial Northwest from an “overweight” rating to a “neutral” rating and set a $23.50 price objective on the stock. in a research report on Friday, July 26th.

First Financial Northwest Price Performance

FFNW stock opened at $22.26 on Friday. The firm has a 50 day simple moving average of $22.61 and a two-hundred day simple moving average of $21.70. The stock has a market cap of $204.35 million, a PE ratio of 202.38 and a beta of 0.53. First Financial Northwest has a one year low of $10.78 and a one year high of $23.50. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.10 and a quick ratio of 1.10.

Hedge Funds Weigh In On First Financial Northwest

Several institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers bought a new stake in First Financial Northwest in the second quarter worth $188,000. Commonwealth Equity Services LLC increased its holdings in shares of First Financial Northwest by 9.8% in the second quarter. Commonwealth Equity Services LLC now owns 11,986 shares of the bank’s stock worth $253,000 after buying an additional 1,069 shares during the period. B.O.S.S. Retirement Advisors LLC bought a new stake in shares of First Financial Northwest in the 3rd quarter valued at about $312,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in First Financial Northwest during the 2nd quarter valued at about $403,000. Finally, Clear Harbor Asset Management LLC bought a new position in First Financial Northwest during the 2nd quarter worth approximately $411,000. Institutional investors own 55.00% of the company’s stock.

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.