FFNW Stock Overview
First Financial Northwest, Inc. operates as the bank holding company for First Financial Northwest Bank that provides commercial banking services in Washington.
First Financial Northwest Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$15.54|
|52 Week High||US$17.95|
|52 Week Low||US$14.29|
|1 Month Change||-6.26%|
|3 Month Change||-10.59%|
|1 Year Change||3.60%|
|3 Year Change||9.82%|
|5 Year Change||-3.66%|
|Change since IPO||32.48%|
Recent News & Updates
First Financial Northwest (NASDAQ:FFNW) Has Announced A Dividend Of US$0.12
First Financial Northwest, Inc. ( NASDAQ:FFNW ) has announced that it will pay a dividend of US$0.12 per share on the...
|FFNW||US Banks||US Market|
Return vs Industry: FFNW exceeded the US Banks industry which returned -17.7% over the past year.
Return vs Market: FFNW exceeded the US Market which returned -18.4% over the past year.
|FFNW Average Weekly Movement||2.8%|
|Banks Industry Average Movement||3.8%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.6%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: FFNW is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: FFNW's weekly volatility (3%) has been stable over the past year.
About the Company
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, statement savings accounts, and certificates of deposit. Its loan products comprise one-to-four family residential loans; multifamily and commercial real estate loans; construction/land loans for the construction of single-family residences, condominiums, townhouses, multifamily properties, and residential developments; business loans; and consumer loans, such as home equity loans and savings account loans.
First Financial Northwest Fundamentals Summary
|FFNW fundamental statistics|
Is FFNW overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FFNW income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.44|
|Net Profit Margin||25.91%|
How did FFNW perform over the long term?See historical performance and comparison
3.1%Current Dividend Yield
Is FFNW undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FFNW?
Other financial metrics that can be useful for relative valuation.
|What is FFNW's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does FFNW's PE Ratio compare to its peers?
|FFNW PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
ADKT Adirondack Trust
CHBH Croghan Bancshares
MBCN Middlefield Banc
OVBC Ohio Valley Banc
FFNW First Financial Northwest
Price-To-Earnings vs Peers: FFNW is expensive based on its Price-To-Earnings Ratio (10.8x) compared to the peer average (9.5x).
Price to Earnings Ratio vs Industry
How does FFNW's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: FFNW is expensive based on its Price-To-Earnings Ratio (10.8x) compared to the US Banks industry average (9.6x)
Price to Earnings Ratio vs Fair Ratio
What is FFNW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||10.8x|
|Fair PE Ratio||10x|
Price-To-Earnings vs Fair Ratio: FFNW is expensive based on its Price-To-Earnings Ratio (10.8x) compared to the estimated Fair Price-To-Earnings Ratio (10x).
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 ($15.54) is trading below our estimate of fair value ($20.99)
Significantly Below Fair Value: FFNW is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: FFNW's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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How is First Financial Northwest forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FFNW's earnings are forecast to decline over the next 3 years (-1.1% per year).
Earnings vs Market: FFNW's earnings are forecast to decline over the next 3 years (-1.1% per year).
High Growth Earnings: FFNW's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FFNW's revenue (2.4% per year) is forecast to grow slower than the US market (8.4% per year).
High Growth Revenue: FFNW's revenue (2.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FFNW's Return on Equity is forecast to be low in 3 years time (7.2%).
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How has First Financial Northwest performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FFNW has high quality earnings.
Growing Profit Margin: FFNW's current net profit margins (25.9%) are higher than last year (21.3%).
Past Earnings Growth Analysis
Earnings Trend: FFNW's earnings have grown by 0.2% per year over the past 5 years.
Accelerating Growth: FFNW's earnings growth over the past year (38.6%) exceeds its 5-year average (0.2% per year).
Earnings vs Industry: FFNW earnings growth over the past year (38.6%) exceeded the Banks industry 20.7%.
Return on Equity
High ROE: FFNW's Return on Equity (8.2%) is considered low.
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How is First Financial Northwest's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: FFNW's Assets to Equity ratio (9x) is low.
Allowance for Bad Loans: FFNW has a sufficient allowance for bad loans (8469%).
Low Risk Liabilities: 91% of FFNW's liabilities are made up of primarily low risk sources of funding.
Loan Level: FFNW has an appropriate level of Loans to Assets ratio (79%).
Low Risk Deposits: FFNW's Loans to Deposits ratio (98%) is appropriate.
Level of Bad Loans: FFNW has an appropriate level of bad loans (0%).
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What is First Financial Northwest current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FFNW's dividend (3.09%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: FFNW's dividend (3.09%) is low compared to the top 25% of dividend payers in the US market (4.24%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FFNW has been paying a dividend for less than 10 years.
Growing Dividend: FFNW's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32%), FFNW's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FFNW's dividends in 3 years are forecast to be well covered by earnings (37.5% payout ratio).
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Joe Kiley (65 yo)
Mr. Joseph W. Kiley, III, also known as Joe, has been the Chief Executive Officer and President of First Financial Northwest, Inc. since September 1, 2013. Mr. Kiley has been the Chief Executive Officer an...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD935.79K) is about average for companies of similar size in the US market ($USD749.40K).
Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.
Experienced Management: FFNW's management team is seasoned and experienced (9.3 years average tenure).
Experienced Board: FFNW's board of directors are considered experienced (6.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
First Financial Northwest, Inc.'s employee growth, exchange listings and data sources
- Name: First Financial Northwest, Inc.
- Ticker: FFNW
- Exchange: NasdaqGS
- Founded: 1923
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$139.640m
- Shares outstanding: 8.99m
- Website: https://www.ffnwb.com
Number of Employees
- First Financial Northwest, Inc.
- 201 Wells Avenue South
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/26 00:00|
|End of Day Share Price||2022/06/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.