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

First Financial Northwest (NASDAQ:FFNW) posted its earnings results on Tuesday. The bank reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.14), RTT News reports. First Financial Northwest had a net margin of 3.89% and a return on equity of 1.98%. The firm had revenue of $20.09 million for the quarter, compared to analyst estimates of $9.49 million. During the same period in the previous year, the firm earned $0.16 earnings per share.

First Financial Northwest Stock Up 0.2 %

Shares of First Financial Northwest stock opened at $22.70 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.10. First Financial Northwest has a 1 year low of $10.78 and a 1 year high of $23.50. The stock has a 50-day moving average price of $22.61 and a 200 day moving average price of $21.67. The company has a market cap of $208.25 million, a P/E ratio of 68.79 and a beta of 0.53.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. 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 research note on Friday, July 26th. StockNews.com cut First Financial Northwest from a “hold” rating to a “sell” rating in a report on Tuesday.

About First Financial Northwest

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.