Brandywine Global Investment Management LLC lessened its stake in First Financial Northwest, Inc. (NASDAQ:FFNW – Get Rating) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 92,907 shares of the bank’s stock after selling 1,439 shares during the quarter. Brandywine Global Investment Management LLC owned about 1.02% of First Financial Northwest worth $1,379,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in First Financial Northwest by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 347,649 shares of the bank’s stock valued at $5,948,000 after buying an additional 4,255 shares in the last quarter. State Street Corp increased its position in First Financial Northwest by 20.5% during the second quarter. State Street Corp now owns 28,815 shares of the bank’s stock worth $448,000 after purchasing an additional 4,900 shares during the last quarter. Royal Bank of Canada boosted its holdings in First Financial Northwest by 13.6% in the 3rd quarter. Royal Bank of Canada now owns 10,000 shares of the bank’s stock valued at $148,000 after purchasing an additional 1,200 shares during the last quarter. UBS Group AG boosted its holdings in First Financial Northwest by 213.0% in the 2nd quarter. UBS Group AG now owns 1,800 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,225 shares during the last quarter. Finally, Strategic Value Bank Partners LLC grew its stake in shares of First Financial Northwest by 850.4% in the 2nd quarter. Strategic Value Bank Partners LLC now owns 70,586 shares of the bank’s stock valued at $1,097,000 after buying an additional 63,159 shares during the period. Hedge funds and other institutional investors own 40.45% of the company’s stock.
First Financial Northwest Stock Up 1.1 %
FFNW stock opened at $15.13 on Monday. First Financial Northwest, Inc. has a one year low of $14.25 and a one year high of $17.95. The firm has a market cap of $138.14 million, a PE ratio of 10.43 and a beta of 0.39. The firm’s 50 day moving average price is $15.07 and its 200-day moving average price is $15.04. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.02 and a current ratio of 1.02.
First Financial Northwest (NASDAQ:FFNW – Get Rating) last posted its earnings results on Thursday, January 26th. The bank reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The business had revenue of $13.16 million during the quarter, compared to analysts’ expectations of $13.80 million. First Financial Northwest had a net margin of 21.19% and a return on equity of 8.41%. On average, equities research analysts anticipate that First Financial Northwest, Inc. will post 1.17 EPS for the current year.
First Financial Northwest Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Tuesday, March 14th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 13th. This is a boost from First Financial Northwest’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.44%. First Financial Northwest’s dividend payout ratio (DPR) is currently 33.10%.
About First Financial Northwest
First Financial Northwest, Inc is a bank holding company, which engages in attracting deposits from the general public and provides lending services. Through its subsidiary, First Savings Bank Northwest, it offers commercial banking services, dynamic savings, stored savings, loaned savings, commercial savings, checking accounts, and money market accounts.
See Also
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