Insider selling: CEO of First Financial Northwest, Inc. (NASDAQ: FFNW) sells 10,000 shares
First Financial Northwest, Inc. (NASDAQ: FFNW) CEO Joseph W. Kiley III sold 10,000 shares in a trade on Friday, December 10. The stock was sold for an average price of $ 16.05, for a total value of $ 160,500.00. The transaction was disclosed in a legal file with the SEC, which is available at this link.
First Financial Northwest stock traded down $ 0.09 in Monday’s midday session, reaching $ 15.98. 29,832 shares of the stock traded for an average volume of 13,237. The company has a 50-day simple moving average of $ 16.67. First Financial Northwest, Inc. has a 12-month low of $ 10.76 and a 12-month high of $ 17.25. The company has a market cap of $ 149.43 million, a price-to-earnings ratio of 12.55 and a beta of 0.55. The company has a debt to equity ratio of 0.74, a rapid ratio of 1.04, and a current ratio of 1.04.
First Financial Northwest (NASDAQ: FFNW) last reported its results on Thursday, October 28. The bank reported EPS of $ 0.34 for the quarter, beating analyst consensus estimates of $ 0.29 by $ 0.05. First Financial Northwest had a return on equity of 7.62% and a net margin of 20.69%. The company posted revenue of $ 12.39 million in the quarter, compared to $ 11.96 million expected by analysts. On average, analysts expect First Financial Northwest, Inc. to post EPS of 1.31 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 17. Investors of record on Friday, December 3 will receive a dividend of $ 0.11 per share. This represents a dividend of $ 0.44 on an annualized basis and a return of 2.75%. The ex-dividend date is Thursday, December 2. First Financial Northwest’s dividend payout ratio (DPR) is 34.38%.
Separately, Zacks Investment Research upgraded First Financial Northwest from a “sell” rating to a “conservation” rating and set a price target of $ 19.00 for the company in a report released on Tuesday, November 2.
Institutional investors recently changed their positions in the stock. Baird Financial Group Inc. increased its holdings in First Financial Northwest by 37.9% in the second quarter. Baird Financial Group Inc. now owns 43,672 shares of the bank valued at $ 662,000 after acquiring an additional 12,000 shares during the period. Northern Trust Corp increased its holdings in First Financial Northwest by 7.3% in the second quarter. Northern Trust Corp now owns 25,144 shares of the bank valued at $ 381,000 after acquiring an additional 1,709 shares during the period. Seizert Capital Partners LLC increased its stake in the shares of First Financial Northwest by 77.8% in the 2nd quarter. Seizert Capital Partners LLC now owns 55,434 shares of the bank valued at $ 840,000 after purchasing an additional 24,261 shares during the period. Legato Capital Management LLC purchased a new position in First Financial Northwest shares in the second quarter valued at approximately $ 367,000. Finally, State Street Corp increased its stake in the shares of First Financial Northwest by 109.7% in the second quarter. State Street Corp now owns 22,915 shares of the bank valued at $ 347,000 after purchasing an additional 11,986 shares during the period. Institutional investors hold 41.63% of the company’s shares.
First Financial Northwest Company Profile
First Financial Northwest, Inc. is a banking holding company, committed to attracting deposits from the general public and providing loan services. Through its subsidiary, First Savings Bank Northwest, it offers commercial banking, dynamic savings, stored savings, loaned savings, commercial savings, checking accounts and money market accounts.
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