First Financial Northwest, Inc. (NASDAQ:FFNW) Short Interest Update

First Financial Northwest, Inc. (NASDAQ:FFNWGet Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 100,200 shares, an increase of 7.1% from the May 15th total of 93,600 shares. Based on an average daily volume of 27,600 shares, the days-to-cover ratio is presently 3.6 days. Currently, 1.4% of the company’s shares are sold short.

First Financial Northwest Stock Down 0.7 %

Shares of NASDAQ FFNW traded down $0.15 during trading on Wednesday, reaching $20.81. 24,127 shares of the stock were exchanged, compared to its average volume of 19,785. The business’s 50-day moving average price is $20.80 and its 200 day moving average price is $19.26. First Financial Northwest has a twelve month low of $10.09 and a twelve month high of $22.17. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $190.83 million, a price-to-earnings ratio of 63.06 and a beta of 0.51.

First Financial Northwest (NASDAQ:FFNWGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The bank reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.21). First Financial Northwest had a net margin of 3.78% and a return on equity of 1.94%. The company had revenue of $9.69 million during the quarter, compared to analyst estimates of $9.93 million. As a group, equities analysts forecast that First Financial Northwest will post 0.25 EPS for the current fiscal year.

First Financial Northwest Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Friday, June 7th. First Financial Northwest’s payout ratio is currently 157.58%.

Institutional Investors Weigh In On First Financial Northwest

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC purchased a new stake in First Financial Northwest during the fourth quarter valued at about $117,000. Choreo LLC lifted its stake in First Financial Northwest by 15.6% during the fourth quarter. Choreo LLC now owns 19,280 shares of the bank’s stock valued at $260,000 after buying an additional 2,600 shares in the last quarter. Kennedy Capital Management LLC purchased a new stake in First Financial Northwest during the third quarter valued at about $324,000. Brandywine Global Investment Management LLC lifted its stake in First Financial Northwest by 2.1% during the third quarter. Brandywine Global Investment Management LLC now owns 94,407 shares of the bank’s stock valued at $1,201,000 after buying an additional 1,900 shares in the last quarter. Finally, Black Maple Capital Management LP lifted its stake in First Financial Northwest by 86.1% during the fourth quarter. Black Maple Capital Management LP now owns 97,183 shares of the bank’s stock valued at $1,310,000 after buying an additional 44,952 shares in the last quarter. 55.00% of the stock is owned by institutional investors and hedge funds.

About First Financial Northwest

(Get Free Report)

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.

Further Reading

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