First Financial NorthwestFFNW
FFNW
About: First Financial Northwest Inc is the holding company. The Bank's business consists predominantly of attracting deposits from the general public, combined with borrowing from the FHLB of Des Moines and raising funds in the wholesale market then utilizing these funds to originate one-to-four family residential, multifamily, commercial real estate, construction/land, business, and consumer loans. The Bank's strategic initiatives seek to diversify its loan portfolio and broaden growth opportunities with its current risk tolerance levels and asset/liability objectives.
Employees: 142
0
Funds holding %
of 6,831 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
300% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 4
100% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]
100% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 10
21% more funds holding
Funds holding: 52 [Q2] → 63 (+11) [Q3]
13% more capital invested
Capital invested by funds: $87.1M [Q2] → $98.7M (+$11.6M) [Q3]
2.78% more ownership
Funds ownership: 44.96% [Q2] → 47.74% (+2.78%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$22
3%
upside
Avg. target
$22
3%
upside
High target
$22
3%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
DA Davidson Jeff Rulis 38% 1-year accuracy 5 / 13 met price target | 3%upside $22 | Neutral Maintained | 30 Jan 2025 |
Financial journalist opinion
Positive
Zacks Investment Research
2 days ago
First Financial Northwest (FFNW) Beats Q4 Earnings Estimates
First Financial Northwest (FFNW) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.13 per share a year ago.
Neutral
GlobeNewsWire
2 days ago
First Financial Northwest, Inc. Reports Net Income of $1.2 Million or $0.13 per Diluted Share for the Fourth Quarter and $1.1 Million or $0.12 per Diluted Share for the Year Ended December 31, 2024
RENTON, Wash., Jan. 28, 2025 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the “Company”) (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the “Bank”), today reported net income for the quarter ended December 31, 2024, of $1.2 million, or $0.13 per diluted share, compared to a net loss of $608,000, or $(0.07) per diluted share, for the quarter ended September 30, 2024, and net income of $1.2 million, or $0.13 per diluted share, for the quarter ended December 31, 2023. For the twelve months ended December 31, 2024, the Company reported net income of $1.1 million, or $0.12 per diluted share, compared to net income of $6.3 million, or $0.69 per diluted share, for the year ended December 31, 2023.
Negative
Zacks Investment Research
3 months ago
First Financial Northwest (FFNW) Reports Q3 Loss, Lags Revenue Estimates
First Financial Northwest (FFNW) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of $0.07. This compares to earnings of $0.16 per share a year ago.
Neutral
GlobeNewsWire
3 months ago
First Financial Northwest, Inc. Reports Third Quarter 2024 Results
RENTON, Wash., Oct. 29, 2024 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the “Company”) (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the “Bank”), today reported a net loss of $608,000, or $(0.07) per diluted share, for the quarter ended September 30, 2024, compared to net income of $1.6 million, or $0.17 per diluted share, for the quarter ended June 30, 2024, and net income of $1.5 million, or $0.16 per diluted share, for the quarter ended September 30, 2023. For the nine months ended September 30, 2024, the Company reported a net loss of $128,000, or $(0.01) per diluted share, compared to net income of $5.1 million, or $0.56 per diluted share, for the comparable period in 2023.
Positive
Zacks Investment Research
3 months ago
First Financial Northwest (FFNW) Expected to Beat Earnings Estimates: Should You Buy?
First Financial (FFNW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Zacks Investment Research
4 months ago
Best Momentum Stocks to Buy for September 24th
IDR, FFNW and FMBH made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 24, 2024.
Neutral
GlobeNewsWire
5 months ago
First Financial Northwest, Inc. Announces Receipt of Federal Deposit Insurance Corporation Approval for Transaction with Global Credit Union
RENTON, Wash., Aug. 12, 2024 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the “Company”) (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the “Bank”), announced today that they received the required regulatory approval from the Federal Deposit Insurance Corporation (“FDIC”) for Global Federal Credit Union (“Global”) to acquire substantially all of the assets and assume substantially all of the liabilities (including deposit liabilities) of the Bank (the “Asset Sale”), on the terms and subject to the conditions of the Purchase and Assumption Agreement, dated as of January 10, 2024, by and among the Company, the Bank and Global. The Company previously announced that the Bank had received approval from the Washington State Department of Financial Institutions. The Company shareholders approved the transaction at a special meeting of shareholders held on July 19, 2024.
Positive
Zacks Investment Research
6 months ago
First Financial Northwest (FFNW) Beats Q2 Earnings and Revenue Estimates
First Financial Northwest (FFNW) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.16 per share a year ago.
Neutral
GlobeNewsWire
6 months ago
First Financial Northwest, Inc. Reports Net Income of $1.6 Million or $0.17 Per Diluted Share for the Second Quarter Ended June 30, 2024
RENTON, Wash., July 25, 2024 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the “Company”) (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the “Bank”), today reported net income of $1.6 million, or $0.17 per diluted share, for the quarter ended June 30, 2024, compared to a net loss of $1.1 million, or $(0.12) per diluted share, for the quarter ended March 31, 2024, and net income of $1.5 million, or $0.16 per diluted share, for the quarter ended June 30, 2023. For the six months ended June 30, 2024, net income was $480,000, or $0.05 per diluted share, compared to net income of $3.6 million, or $0.39 per diluted share, for the comparable period in 2023.
Neutral
GlobeNewsWire
6 months ago
First Financial Northwest, Inc. Announces Receipt of Shareholder Approval for Transaction with Global Credit Union
RENTON, Wash., July 19, 2024 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the “Company”) (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the “Bank”), today announced that the preliminary vote count indicates that its shareholders approved the Purchase and Assumption Agreement, dated January 10, 2024, by and among the Company, the Bank and Global Federal Credit Union (“Global”), which provides for Global's acquisition of substantially all of the assets and assumption of substantially all of the liabilities (including deposit liabilities) of the Bank (the “asset sale”). Based on the preliminary vote counts, shareholders also approved a proposal to voluntarily dissolve the Company and distribute its net assets following the completion of the asset sale and approved, on an advisory basis, the compensation that may be paid or may become payable to certain executive officers of the Company in connection with the asset sale. Final voting results of the special meeting of shareholders held on July 19, 2024, will be filed by the Company on a Form 8-K within four business days.
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