First Financial Northwest, Inc. (FFNW) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its stake in shares of First Financial Northwest, Inc. (NASDAQ:FFNW) by 0.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,653 shares of the bank’s stock after buying an additional 18 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.10% of First Financial Northwest worth $172,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its stake in shares of First Financial Northwest by 40.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,988 shares of the bank’s stock worth $146,000 after acquiring an additional 2,611 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of First Financial Northwest by 8.9% during the 2nd quarter. Teachers Advisors LLC now owns 15,244 shares of the bank’s stock worth $246,000 after acquiring an additional 1,240 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of First Financial Northwest by 5.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 15,874 shares of the bank’s stock worth $280,000 after acquiring an additional 804 shares in the last quarter. Brighton Jones LLC bought a new position in shares of First Financial Northwest during the 2nd quarter worth approximately $270,000. Finally, Cigna Investments Inc. New grew its stake in shares of First Financial Northwest by 60.9% during the 2nd quarter. Cigna Investments Inc. New now owns 18,592 shares of the bank’s stock worth $300,000 after acquiring an additional 7,038 shares in the last quarter. Hedge funds and other institutional investors own 44.78% of the company’s stock.

Several brokerages have recently weighed in on FFNW. Zacks Investment Research cut shares of First Financial Northwest from a “hold” rating to a “strong sell” rating in a research note on Friday, July 28th. ValuEngine cut shares of First Financial Northwest from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.

In related news, insider Gregg H. Deritis sold 4,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $16.03, for a total value of $64,120.00. Following the completion of the transaction, the insider now directly owns 4,000 shares of the company’s stock, valued at $64,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph W. Kiley III sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $16.04, for a total transaction of $240,600.00. Following the completion of the transaction, the insider now directly owns 44,250 shares of the company’s stock, valued at $709,770. The disclosure for this sale can be found here. Insiders have sold a total of 19,600 shares of company stock valued at $314,362 over the last ninety days. Company insiders own 7.31% of the company’s stock.

First Financial Northwest, Inc. (NASDAQ FFNW) opened at $16.37 on Wednesday. The firm has a market cap of $173.27, a P/E ratio of 18.51, a PEG ratio of 2.00 and a beta of 0.33. First Financial Northwest, Inc. has a 52 week low of $14.83 and a 52 week high of $21.29. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.17 and a current ratio of 1.17.

First Financial Northwest (NASDAQ:FFNW) last issued its quarterly earnings results on Thursday, October 26th. The bank reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). The business had revenue of $10.11 million for the quarter, compared to the consensus estimate of $10.15 million. First Financial Northwest had a return on equity of 6.45% and a net margin of 18.74%. equities research analysts predict that First Financial Northwest, Inc. will post 0.81 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.71%. First Financial Northwest’s dividend payout ratio is currently 32.18%.

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First Financial Northwest Profile

First Financial Northwest, Inc (First Financial Northwest) is a holding company for First Financial Northwest Bank (the Bank). The Bank primarily serves the greater Puget Sound region of King and to a lesser extent, Pierce, Snohomish and Kitsap Counties, Washington through its full-service banking office located in Renton, Washington and branch office in Mill Creek, Washington.

Institutional Ownership by Quarter for First Financial Northwest (NASDAQ:FFNW)

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