First Financial Northwest Valuation
Is FFNW undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
0/6Valuation Score 0/6
Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of FFNW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FFNW ($22.47) is trading above our estimate of fair value ($19.18)
Significantly Below Fair Value: FFNW is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FFNW?
Key metric: As FFNW is a barely profitable bank we use its Price-To-Book Ratio for relative valuation analysis.
| What is FFNW's PB Ratio? | |
|---|---|
| PB Ratio | 1.3x |
| Book | US$160.21m |
| Market Cap | US$206.40m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 2.1x |
Price to Book Ratio vs Peers
How does FFNW's PB Ratio compare to its peers?
| Company | Forward PB | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 1.2x | ||
MYFW First Western Financial | 0.8x | 65.6% | US$200.5m |
FIZN First Citizens Bancshares | 1.1x | n/a | US$217.1m |
NKSH National Bankshares | 1.2x | 39.3% | US$197.3m |
HWBK Hawthorn Bancshares | 1.6x | n/a | US$213.8m |
FFNW First Financial Northwest | 1.3x | 95.0% | US$206.4m |
Price-To-Book vs Peers: FFNW is expensive based on its Price-To-Book Ratio (1.3x) compared to the peer average (1.2x).
Price to Book Ratio vs Industry
How does FFNW's PB Ratio compare vs other companies in the US Banks Industry?
| 4 Companies | Price / Book | Estimated Growth | Market Cap |
|---|---|---|---|
FRCB First Republic Bank | 0.002x | n/a | US$27.98m |
SBNY Signature Bank | 0.0003x | n/a | US$2.18m |
BKES.F Banco Espírito Santo | n/a | n/a | US$56.01k |
BCBH.F Caribbean Investment Holdings | n/a | n/a | US$132.00 |
| 4 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Book vs Industry: FFNW is expensive based on its Price-To-Book Ratio (1.3x) compared to the US Banks industry average (1x).
Price to Book Ratio vs Fair Ratio
What is FFNW's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PB Ratio | 1.3x |
| Fair PB Ratio | n/a |
Price-To-Book vs Fair Ratio: Insufficient data to calculate FFNW's Price-To-Book Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | US$22.47 | US$22.83 +1.6% | 2.7% | US$23.50 | US$22.00 | n/a | 3 |
| Nov ’25 | US$22.26 | US$22.83 +2.6% | 2.7% | US$23.50 | US$22.00 | n/a | 3 |
| Oct ’25 | US$22.37 | US$22.83 +2.1% | 2.7% | US$23.50 | US$22.00 | n/a | 3 |
| Sep ’25 | US$22.70 | US$22.83 +0.6% | 2.7% | US$23.50 | US$22.00 | n/a | 3 |
| Aug ’25 | US$21.10 | US$22.83 +8.2% | 2.7% | US$23.50 | US$22.00 | n/a | 3 |
| Jul ’25 | US$21.23 | US$20.50 -3.4% | 15.8% | US$23.50 | US$16.00 | n/a | 3 |
| Jun ’25 | US$21.25 | US$20.50 -3.5% | 15.8% | US$23.50 | US$16.00 | n/a | 3 |
| May ’25 | US$20.17 | US$20.50 +1.6% | 15.8% | US$23.50 | US$16.00 | n/a | 3 |
| Apr ’25 | US$20.69 | US$20.50 -0.9% | 15.8% | US$23.50 | US$16.00 | n/a | 3 |
| Mar ’25 | US$20.81 | US$20.50 -1.5% | 15.8% | US$23.50 | US$16.00 | n/a | 3 |
| Feb ’25 | US$20.87 | US$21.25 +1.8% | 14.6% | US$23.50 | US$16.00 | n/a | 4 |
| Jan ’25 | US$13.48 | US$14.75 +9.4% | 8.8% | US$16.00 | US$13.00 | n/a | 4 |
| Dec ’24 | US$12.24 | US$14.00 +14.4% | 8.7% | US$16.00 | US$13.00 | n/a | 4 |
| Nov ’24 | US$10.82 | US$14.38 +32.9% | 12.9% | US$17.50 | US$13.00 | US$22.26 | 4 |
| Oct ’24 | US$12.72 | US$14.88 +16.9% | 10.2% | US$17.50 | US$14.00 | US$22.37 | 4 |
| Sep ’24 | US$12.51 | US$14.88 +18.9% | 10.2% | US$17.50 | US$14.00 | US$22.70 | 4 |
| Aug ’24 | US$12.15 | US$14.88 +22.4% | 10.2% | US$17.50 | US$14.00 | US$21.10 | 4 |
| Jul ’24 | US$11.37 | US$14.88 +30.8% | 10.2% | US$17.50 | US$14.00 | US$21.23 | 4 |
| Jun ’24 | US$10.15 | US$14.88 +46.6% | 10.2% | US$17.50 | US$14.00 | US$21.25 | 4 |
| May ’24 | US$11.46 | US$14.88 +29.8% | 10.2% | US$17.50 | US$14.00 | US$20.17 | 4 |
| Apr ’24 | US$12.77 | US$17.13 +34.1% | 7.3% | US$18.00 | US$15.00 | US$20.69 | 4 |
| Mar ’24 | US$14.93 | US$17.63 +18.1% | 2.4% | US$18.00 | US$17.00 | US$20.81 | 4 |
| Feb ’24 | US$15.11 | US$18.19 +20.4% | 4.3% | US$19.00 | US$17.00 | US$20.87 | 4 |
| Jan ’24 | US$14.98 | US$18.19 +21.4% | 4.3% | US$19.00 | US$17.00 | US$13.48 | 4 |
| Dec ’23 | US$15.15 | US$18.19 +20.0% | 4.3% | US$19.00 | US$17.00 | US$12.24 | 4 |
| Nov ’23 | US$15.21 | US$18.19 +19.6% | 4.3% | US$19.00 | US$17.00 | US$10.82 | 4 |
Analyst Forecast: Target price is less than 20% higher than the current share price.
Discover undervalued companies
Grupo Financiero Banorte. de
Mex$407.2b
Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.
GBOO.F
Mex$7.18
7D
-1.5%
1Y
-21.8%
National Bank of Greece
€6.4b
Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.
NBGI.F
€7.51
7D
-1.2%
1Y
11.1%
Crédit Agricole
€40.3b
Provides retail, corporate, insurance, and investment banking products and services in France and internationally.
CRAR.F
€14.14
7D
4.0%
1Y
12.2%