First Financial Northwest (NASDAQ:FFNW) Releases Earnings Results, Misses Estimates By $0.14 EPS

First Financial Northwest (NASDAQ:FFNW) released its quarterly earnings results on Tuesday. The bank reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.14), RTT News reports. The company had revenue of $20.09 million for the quarter, compared to analysts’ expectations of $9.49 million. First Financial Northwest had a return on equity of 1.98% and a net margin of 3.89%. During the same quarter last year, the company earned $0.16 EPS.

First Financial Northwest Stock Performance

Shares of NASDAQ:FFNW opened at $22.70 on Thursday. The company has a market cap of $208.25 million, a P/E ratio of 68.79 and a beta of 0.53. The business’s 50-day simple moving average is $22.61 and its 200 day simple moving average is $21.67. 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 quick ratio of 1.10 and a current ratio of 1.10.

Analyst Ratings Changes

Several research firms have recently commented on FFNW. Piper Sandler cut First Financial Northwest from an “overweight” rating to a “neutral” rating and set a $23.50 price target for the company. in a report on Friday, July 26th. StockNews.com cut shares of First Financial Northwest from a “hold” rating to a “sell” rating in a research note on Tuesday.

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.